News: Brokerage

Geenty Group and Press/Cuozzo relocate 10,000 s/f in North Haven

Jordan Paige Food Enterprises has entered into a long-term lease for 10,000 s/f of distribution space and offices at 78 Rebeschi Dr. Lynn Weed of Weed Realty represented the landlord, Investment Capital Management. Kevin Geenty, SIOR, of The Geenty Group, Realtors, and Stephen Press, SIOR, of Press/Cuozzo Realtors, jointly represented the tenant, Jordan Paige Company. Jordan Paige Company will relocate from its current location at 9 Business Park Dr., Branford, which Geenty and Press are currently marketing for sale. Jordan Paige distributes high-end food products to private clubs and upscale restaurants throughout the region. The tenant is more than doubling the size of its distribution facility due to increasing sales and due to its taking on new product lines.
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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.