News: Brokerage

Lang McLaughry Commercial leases 2,500 s/f

Bruce Waters, CCIM, senior broker for Lang McLaughry Commercial, negotiated a long-term lease between Sally Beauty Supply, Inc., owners/operators of Cosmo Prof, tenant, and Peter Johnson Building Supplies, Inc., owners/operators of the Staples Plaza. The new store is 2,500 s/f and Cosmo Prof will join other plaza tenants such as Pier 1, Staples, Sleepy's Mattress, Lindt Chocolate and Encore Books. After minor renovations by both the landlord and tenant, the new store will open in early 2012. Assisting Lang McLaughry was Lerner Real Estate Group, LLC, representing the tenant.
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.