News: Brokerage

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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Saugatuck Commercial Real Estate secured two new retail locations for Kneads Bakery Cafe in Fairfield and Greenwich, CT

Fairfield, CT Saugatuck Commercial Real Estate (SCRE) has secured two new prime retail locations for Kneads Bakery Cafe in Fairfield and Greenwich, CT. The multi-city expansion marks a major milestone in the long-term partnership between SCRE and the growing artisanal brand.
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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.