News: Brokerage

McCann of Optimum Hotel handles $5.04 million Best Western sale

Optimum Hotel Brokerage has closed on the sale of the Best Western Berkshire Inn for $5.04 million. The property includes a 69-room hotel and two commercial office buildings, and occupies a prominent and highly visible location on I-84. Joe McCann, president of Philadelphia-based Optimum Hotel Brokerage represented the seller in the transaction. The select-service hotel was purchased by a Fairfield County based owner and operator, who will retain the property as a Best Western under membership agreement with Best Western International. "The Best Western Berkshire Inn has an excellent location. It's well-constructed and has been meticulously maintained by its original owners" said McCann. "The hotel's quality construction and underlying real estate was a real value-added component of the deal."
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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

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The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

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