According to Stephen Press, SIOR, co-principal of Press/Cuozzo Commercial Services, Joel Nesson, senior commercial advisor, has leased approximately 1,500 s/f of retail space at 2285 Whitney Ave., a multi-tenanted building with retail, office, service and medical tenants. Nesson represented the landlord, 368 LLC, while Albert Scafati, senior commercial advisor of the same office, represented the tenant, Antiques On Whitney.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.
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.