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Brokerage
Posted: June 28, 2019
Halprin of New England Retail Properties leases 6,800 s/f to Toro Azteca
Manchester, CT Matt Halprin, senior vice president of New England Retail Properties, Inc., brokered a 6,800 s/f lease for the new Toro Azteca Mexican Cantina. Toro Azteca is located on the North side of The Shoppes at Buckland Hills, which consists of over 1 million s/f of retail and restaurant space. The grand opening of the new restaurant took place on June 10th.
Toro Azteca Mexican Cantina is the new concept from Plaza Azteca Mexican Restaurant Group. Plaza Azteca currently operates 40 restaurants throughout 7 states.
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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.
Quick Hits
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
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
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.
