News: Brokerage

Fellah of HK Group completes five leases totaling 12,076 s/f

Franco Fellah, executive vice president at HK Group has completed the following leases: * Glastonbury-based United Bank leased 6,590 s/f of office at 55 Greens Farms Rd. The Fairfield County expansion is led by Maureen Hanley-Bellitto. * Eyeglasses.com, a high-end optical shop, leased 2,555 s/f at Blue Back Square Shopping Center, West Hartford, Conn. This is the second location for Eyeglasses.com, that already has a retail store downtown Westport at 147 Post Road East. * Francois DuPont Jewelers leased 800 s/f of retail space at Sconset Square Shopping Center, Westport. They moved from Main Street Westport due to the redevelopment of the property where they were located. * XT Capital Partners of NYC, a financial company, leased 500 s/f of office at 311 Post Road East, Westport. * CueScript, Inc. leased 1,631 s/f of office at 1525 Kings Highway East, Fairfield. The company produces tele-prompters that are used throughout the world.
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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
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.