News: Brokerage

Charter Realty completes seven deals for final phase of Storrs Center

According to Charter Realty and Development, seven new commercial deals are currently underway for the final phase at the Storrs Center. This center, which is located just across from the campus of the University of Connecticut, has been a work in progress for the last three years. Storrs campus, which has long been the flagship campus of UCONN, historically had very little retail space for its students, not to mention limited off campus housing. The Storrs Center's 340,000 s/f multi-use center combines 200,000 s/f of commercial real estate space, and 140,000 s/f of residential real estate. Anchored by Price Chopper, CVS, and the UCONN Health Center, plus numerous restaurants such as Dog Lane Café, Moe's Southwest Grill, Subway, Breugger's Bagels and Husky Pizza to name just a few. Storrs Center attracts students, faculty members and nearby residents. The first three phases of the center are now all 100% leased. Remaining space available ranges from 450 s/f up to 3,000 s/f with space being ready to occupy by this summer.
MORE FROM Brokerage

Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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Columns and Thought Leadership
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.
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.