News: Brokerage

Jewett Construction Company and Boomer Wolf to build 49,000 s/f building

Jewett Construction Company, Inc. (JCCI) has contracted with Boomer Wolf LLC to build a multi-tenant building at 19 Manchester St., the final building in the new 49,000 s/f Pinkerton Place retail/business complex. The four-month project, jointly designed by Jewett and Port One Architects of Portsmouth, consists of a 9,200 s/f Corle pre-engineered metal building erected by Jewett Metal Buildings & Steel Erectors-a division of JCCI-and slated to be used as a multi-tenant retail space. The building includes a variety of exterior finishes: cement board siding and accent trims, EIFS system and cultured stone veneer exterior. The roof is a EPDM rubber roof system with standing seam metal roofing at arches for accent. The project also includes landscaping and an irrigation system.
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Horvath & Tremblay sells Trader Joe’s in Shelton for $7,882,639

Shelton, CT Bob Horvath, Todd Tremblay, Matt Nadler and Jack Laurendeau of Horvath & Tremblay have completed the sale of Trader Joe’s. Horvath & Tremblay exclusively represented the seller and brought the buyer to complete the transaction at a sale price of $7,882,639 which represents a 4.95% Cap Rate.
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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.