News: Brokerage

Jewett Automotive Design begins 5,300 s/f project for Team Nissan

Jewett Automotive Design & Construction, a division of Raymond, NH-based Jewett Construction Company, Inc., has begun renovations to the Team Nissan North dealership. Designed by the team of Port One Architects and Summit Engineering, the project entails 5,300 s/f of showroom renovations and the creation of a new service write-up area in the existing service department-both to include updated Nissan image elements including lighting, flooring and finishes. Exterior upgrades include the new Nissan entry element and a façade of updated Aluminum Coated Metal (ACM) panels—some in a duotone pattern incorporating the new Nissan logo, and others installed in a fixed louver pattern and highlighting the Team Nissan dealership name. New, updated site lighting will feature modern styling and the latest in brighter and more efficient LED technology.
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Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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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.