News:
Brokerage
Posted: February 22, 2019
Lyman Real Estate leases 5,400 s/f to The Surf & Turf Grill in Westbrook
Westbrook, CT According to Ron Lyman, CCIM, CEO of Lyman Real Estate, Jolly Property East, LLC, has leased the 5,400 s/f Lenny’s restaurant property at 110 Boston Post Rd. to Rose Gabucci of G and R Management Group, LLC. The lessee plans to open The Surf & Turf Grill, a full-service family steakhouse and pub, during the first week of May. There will be pool tables, big screen TVs and live entertainment, and a huge new deck for warm weather dining, daytime and under the stars.
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.
Quick Hits
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.
