News: Brokerage

O'Hara of Coldwell Banker completes 28,000 s/f sublease

According to Christopher O'Hara, senior vice president of Coldwell Banker Commercial NRT Inc., completion of a sublease representing Subway Shipping Center Co., Inc. and Outland Engineering, Inc., at 500 Bic Dr. Subway will use the facility for office and warehouse use to serve its franchises. The Subway restaurant chain is one of the world's largest submarine sandwich franchise, with 29,000 locations in 86 countries. Subway is the healthy alternative to fast food. Outland Engineering is a maker of A/C Safe brand Air Conditioner Accessories, offers a wide selection of easy-to-install A/C Accessories and A/C Maintenance Supplies since 1996. The property is 623,746 s/f and has 135,167 s/f remaining available, 103,015 s/f of which is warehouse space and 32,152 s/f of office space. The property is owned and managed by Mountain Development Corp.
MORE FROM Brokerage

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
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.