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.
MORE FROM Brokerage

Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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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.