News: Brokerage

Galaxy Development starts first New Hampshire project

According to Galaxy Development, one of its newest projects and its first venture into the New Hampshire retail market is currently under construction. The 35,000 s/f plaza, which will be known as Commercial Lane Plaza, will be home to Tractor Supply Company, AutoZone and Dollar Tree. The anticipated completion date is June 2011. With a signalized access point on busy Rte. 202, the center has an ADT of approximately 10,000 vehicles per day with an average house income of approximately $61,000. Other major national retail tenants in the Rindge market include Walmart, Hannaford, Market Basket, KFC, TD Bank, Dunkin' Donuts, Olympia Sports and many others. Galaxy is excited about its first commercial development in the New Hampshire market and is very interested in pursuing additional development opportunities.
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Horvath & Tremblay sells three retail properties in New England for $3.65 million

New Milford, CT Horvath & Tremblay has completed the sale of three retail properties in New England for a total of $3,652,529. Brian Ahrens, Aaron Huntley, Matt Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of a MyEyeDr in New Milford. Horvath & Tremblay exclusively represented the seller and sourced the buyer
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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.