News: Brokerage

New England Retail Properties to market 2,531 s/f former Friendly's

New England Retail Properties, Inc. has been selected to exclusively represent the landlord in marketing the former Friendly's Restaurant located at 620 West Main St. The 2,531 s/f building sits on .66 of an acre as an outparcel to the Marcus Plaza, home to ShopRite, Rite Aid, TJ Maxx, Rent-A-Center, Payless Shoe, Sally Beauty and more. The location is less than a mile from I-395. Other area tenants include WalMart, Backus Hospital, Staples, Town Fair Tire, Walgreens, CVS Pharmacy, Eblen's and more.
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Horvath & Tremblay sells three retail properties in New England for $3.65 million

New Milford, CT Horvath & Tremblay has completed the sale of three retail properties in New England for a total of $3,652,529. Brian Ahrens, Aaron Huntley, Matt Nadler, Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of a MyEyeDr in New Milford. Horvath & Tremblay exclusively represented the seller and sourced the buyer
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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.