News:
Brokerage
Posted: June 23, 2017
Cardente Real Estate brokers two leases totaling 5,592 s/f
Windham, ME According to Cardente Real Estate, C2 Realty, LLC, a Japanese restaurant group from N.Y., has leased 3,092 s/f of restaurant space from Joy Real Estate of Lisbon, LLC, at 818 Roosevelt Trail. Mark Sandler of Cardente Real Estate, brokered this transaction.
In another transaction, Robert Kelly and Lori Gramlich have leased 2,500 s/f of restaurant space from HPH Holdings, LLC, at 15 East Grand Ave., Old Orchard Beach, Maine.
This transaction was brokered on behalf of the landlord by Sandler, and on behalf of the tenants by Karen Rich of Cardente Real Estate.
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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
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.
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.
