News:
Brokerage
Posted: April 26, 2019
Coldwell Banker Commercial NRT leases 4,200 s/f to Orangetheory Fitness
Ridgefield, CT Coldwell Banker Commercial NRT has completed a lease transaction with Orangetheory Fitness to occupy 4,200 s/f in Keough Plaza.
“We are excited to bring Orangetheory Fitness to the Ridgefield community and help members live healthier, more vibrant lives,” said Tara Costa, managing owner of Orangetheory, Danbury.
Orangetheory’s opening is anticipated for September 2019. Dan Sousa and Todd Payne of Coldwell Banker Commercial NRT represented the landlord in the 10-year deal. Orangetheory Fitness was represented by Rob Marona of Newmark Knight Frank.
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.
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.