News:
Brokerage
Posted: April 27, 2018
Bergin and Russell of Pearce Real Estate renew 11,850 s/f lease
Milford, CT According to Barbara Pearce, CEO and president of Pearce Real Estate, John Bergin and Carl Russell have renewed the lease for 65-145 Furniture Row, bay 13.
The space is 11,850 s/f of a 200,000 s/f industrial building and will be used for specialty wood products. Bergin and Russell represented the landlord, American General Life Insurance Company - AIG, and the tenant, Rugby Holdings LLC.
Pearce Real Estate is a full-service real estate company with more than 100 agents and eight branch offices in greater New Haven and the shoreline of Conn.
MORE FROM Brokerage
Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million
Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
Quick Hits
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
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
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.
