News: Brokerage

Cohen, Jacobs and Kovago of Glickman Kovago handle 2 leases

Glickman Kovago & Co. has brokered two new leases. The first was a lease between Stafford Station and Family Discount Dollar. The 4,800 s/f retail space, part of the 48,000 s/f Stafford Station, is located at 120 Stafford St. in Worcester. Family Discount Dollar is expanding to four locations with the addition of this store. David Cohen, vice president at Glickman Kovago, handled the transaction. Glickman, Kovago also brokered a lease agreement for a 2,200 s/f retail space located at 732 Southbridge St. in Auburn between Southbridge Credit Union and Teree Salon & Spa. Teree Salon & Spa will be relocating from Oxford, Mass. 732 Southbridge St. is a newly built 7,500 s/f building anchored by Southbridge Credit Union. Michael Jacobs and Peter Kovago handled the transaction.
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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.
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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.