With two months until the New Year, 2014 has shaped up to be the best year for Connecticut investment sales since the Great Recession. Over the past months, Northeast Private Client Group has closed a number of multifamily and retail transactions at aggressive values, including:
First delivered by Albert E.N. Gray at a life insurance convention in 1940, “The Common Denominator of Success” holds a very powerful message for any sales professional or anyone seeking success in their professional, personal or spiritual lives. It’s actually as true as it sounds and just as simple as it seems:
“The common denominator of success — the secret of success of every man who has ever been successful — lies in the fact that he formed the habit of doing things that failures don’t like to do.”
With investor sentiment in commercial real estate on the rebound, the National Real Estate Investor Sentiment Index rose to another high in the first quarter of 2013 — up 3 points to 174. This is an especially strong vote of confidence because the survey was conducted in late December and early January when we were all focused on the potential impact of the fiscal cliff on the U.S. economy.
With a grocery-anchored shopping center recently sold and a new center just listed for sale, we’re starting to see renewed interest and activity in multi-tenant retail assets. As consumer spending starts to firm up, mid-market investors that are patient and willing to adapt to market realities can be expected to come out ahead in this sector as we look to 2013 and beyond. Simply put, with rent growth back on the agenda, the retail sector is expected to offer increased returns as other leased investments continue to lag.