News:
Brokerage
Posted: July 26, 2019
Jacobson of Lyman Real Estate brokers $450,000 sale of 36 Tunxis Avenue
Lyman Real Estate
Bloomfield, CT The property at 36 Tunxis Ave. (Rte. 189), has been sold for $450,000, according to Ron Lyman, CCIM, CEO of Lyman Real Estate. Lyman’s Geri Jacobson was the agent for both 
the seller, Nicolas B. Caruso Revocable Trust and the buyer, Khalid Mahmood. Caruso’s Auto & Body Service had been at this location for more than 55 years before closing this spring upon the owner’s retirement.
The 0.58 acre property with a 6,968 s/f building had also been the only gas station on Rte. 189 from Hartford to Granby Center. Jacobson said the new owners plan for a huge buildout, adding space for a convenience store at the accessible location.
MORE FROM Brokerage
O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
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.
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.
