Commercial eNews

The Commercial eNews is an online update sent to all GHAR commercial real estate members once a month. GHAR Commercial eNews features current events, education and resources, with direct links to more information and registration forms.

 
CT Commercial Real Estate Alliance
An update of commercial real estate happenings locally and nationally.
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FREE Webinar: CT's Business Climate - A Look Ahead
Thursday, May 20th | 4pm-5pm | Live virtual, zoom
 
Don't miss this discussion with Chris DePentima, President & CEO CBIA - the Connecticut Business and Industry Association. Chris will discuss a variety of issues affecting the outlook for Connecticut businesses. Topics will include:
  • Post-COVID recovery
  • Current federal programs and policies
  • An update on activity during CT's current legislative session
Panel Moderator: R. Michael Goman, President, AccuBranch, LLC, East Hartford
The Connecticut Small Business Development Center (CTSBDC) provides business advising to small business owners and entrepreneurs to start, grow, and thrive in Connecticut.  
 
Proposed Tax on Homes and Commercial Real Estate
Help stop the tax
 
CT REALTORS® continues to speak out against a new proposed sales tax on real estate transactions (i.e., a new conveyance tax). Online ads and billboards urge lawmakers to oppose section 4 of House Bill 6441. The bill would permit municipalities to add this new tax starting July 1, 2021 with the obligation to be on the buyer, seller or both. The lack of specification related to this new tax can cause many of your pending transactions to be problematic as it would require a new negotiation and costs. The proposal impacts both residential and commercial real estate.
 
Bruce Cagenello Retires After 50 Distinguished Years
Berkshire Hathaway HomeServices (BHHS) New England Properties, announced that Bruce H. Cagenello, CCIM, of their commercial investment group, and long-time agent will be retiring.
 
Throughout his 50-year career, Cagenello was broadly recognized as one of the industry’s top professionals, having received accolades that included being named Commercial Broker of the Year, Realtor of the Year and numerous others.
 
NAR Coronavirus Guidance: Commercial
Updated April 22nd, 2021
 
COVID-19 and its long reaching effects continue to change the way we conduct our everyday business, and commercial real estate practitioners continue to adapt to these changes on a daily basis. Below are a few resources to help guide REALTORS® specializing in commercial as they navigate the changing landscape in the industry.
 
NAR State Legislative Monitor
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NAR, State Legislative Monitor, comes out every week on Thursdays and covers trending legislation on the state level. Latest update: Connecticut HB 5027 passed the House Finance, Revenue and Bonding Committee on May 3 and was referred to the House floor for consideration. This bill would direct the state’s banking commissioner to establish a first-time homebuyer savings account program and establish associated tax deductions.
 
Commercial Real Estate C5 Summit - Registration Open
September 27-29, 2021 | New York City
 
C5 Summit is the premier US-based commercial real estate event launching this fall in the heart of the city at the center of the industry – New York. Network with influential leaders, build relationships with key decision makers, learn about the latest trends, and get deals done all at one centralized event. Don't miss featured speaker: Alex Rodriguez!
 
Gr. Hartford Association of REALTORS® | 860.561.1800 | www.gharonline.com