News: Brokerage

KBE Building Corp. breaks ground for $17 million renovation project

Jordan's Furniture in New Haven will undergo a $17 million renovation led by construction manager KBE Building Corp., which broke ground on May 6. The 193,000 s/f project, designed by architect BL Companies, encompasses the following scope: * Renovation of existing building (two stories and mezzanines) * New entrance feature, signage feature, and canopy * New exterior doors and interior partitions * New single story detached pump house totaling approximately 514 s/f * Roof patching * Exterior site work including demolition of pavement; sidewalks and tree removal; utility coordination; new paving; plantings; concrete and brick paving; storm and sanitary drainage including infiltration system; off-site water line The project is scheduled for completion in late fall.
MORE FROM Brokerage

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.