News: Brokerage

Mancinone and Horvath of Marcus & Millichap broker $1.85 million sale

Adam Mancinone and Robert Horvath of Marcus & Millichap Real Estate Investment Services of New Haven were the sole brokers in the sale of the Southford Center located at 1481 Southford Rd. for $1.85 million. The site consists of approximately 4.6 acres of prime retail frontage and sits at the intersection of CT Rte. 188 and Rte. 67. The property is improved by a 13,836 s/f mixed use center. The first floor consists of six retail suites tenanted by local service based businesses, and the second floor contains four two-bedroom apartments. The property was sold by Connecticut based investors. Marcus & Millichap also secured the buyer, a Fairfield County based investor.
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Combined Properties renews 164,095 s/f lease to Conduent, Inc.

Lynnfield, MA According to Combined Properties, Inc., Conduent Inc., a leader in document technology and services for more than half a century, has renewed its lease of 164,095 s/f at 66-70 Broadway. The complex has served Conduent and prior affiliates since 1996.
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Columns and Thought Leadership
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.
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.