News: Brokerage

Connecticut Commercial leases 1,300 s/f to Cutting Loose Salon

The Somers office of Connecticut Commercial Realty & Select Homes has leased a 1,300 s/f salon in the plaza known as Somers Crossing located at 95 South Rd. The full-service real estate firm acted in a dual agency capacity providing representation to both the landlord and tenant. Victoria Clark represented the lessor, Somers Crossing, LLC and Christy Ryan, represented the lessee, J.M. Carpedium LLC in this multi-year lease. The shop, named Cutting Loose Salon, will be operated by Jaclyn Fallon Rodriguez and Megan Fallon. The space is currently under construction and the salon is gearing up for its official opening this month. Cutting Loose Salon will join tenants including Geissler's Supermarket, Kaman's Wine and Liquors and ECHN. Connecticut Commercial Realty also continues to market the last two vacant spaces in this plaza.
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.