In the last six months, HK Group closed on over $200 million of commercial real estate investment sales totaling over 1.7 million s/f, leased 50,000 s/f of retail/office space, and completed 11 restaurant deals.
Matthew Keefe, president of HK Group said, "The investment market is very active and with the exception of suburban office properties has grown significantly more robust in the last twelve months. In addition, our restaurant group headed by Ralph Michel is the most active group of it's type in the state and looks forward to trebling its current level of activity in the next year."
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.
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.