Interstate Realty Adv. and Vidal/Wettenstein co-broker 9-acre sale

A. J. Richard & Sons, Inc. with offices in Farmington, N.Y. has acquired the leasehold interest of the 80 Danbury Rd. retail property from Forecast Danbury, LP. The site includes Border's and a former Circuit City which will be the new home for P.C. Richards & Son. Sleepy's Bedding Company had an adjoining space which will be incorporated into the new electronic and appliance store. The property is a 9-acre site located on the busy retail Federal Rd. thoroughfare which include Stew Leonard's, Kohl's, Bob Stores, and other major retailers. P. C. Richard & Sons has new stores in Norwalk and Milford and is undergoing preparations for an opening in North Haven. Steven Spector of Interstate Realty Advisors and Bruce Wettenstein, SIOR of Vidal/Wettenstein negotiated the terms and conditions of the Danbury and Milford property acquisitions.

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Sullivan & Sullivan brings 14 Class A office condos to auction

Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.

The Mega Group completes $3.26m sale of 12-unit apartment building

Wilks and Braun of O,R&L Commercial represent AAA Northeast in $2.35m sale

Wilks and Braun of O,R&L Commercial represent AAA in $2.35m sale

Marcus & Millichap arranges $2.4 million multifamily sale

Downtown Realty acquires 3.6 acres for $2.1 million

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Horvath & Tremblay sells Yatco, Wendy’s and Starbucks in Clinton, MA for $6.5 million

Columns and Thought Leadership

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

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.