News: Brokerage

Press of Press/Cuozzo brokers $715,000 sale of Brix Restaurant

According to Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, Brix Restaurant facility at 1721 Highland Ave. has been sold. The well established location consists of a 5,342 s/f fully equipped restaurant facility set on 1.09 acres on the northern end of Rte. 10 offering easy access to I-691, I-91 and I-84. Press was the listing agent representing the seller, BG Associates, LLP. The buyer, Luca Ristorante, LLC is projecting an opening in early April. The transaction closed at $715,000.
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Wilder and Greenberg Gibbons for joint venture to acquire Wakefield Commons

Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
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Columns and Thought Leadership
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.