Press of Press/Cuozzo brokers $715,000 sale of Brix Restaurant

According to Stephen Press, SIOR, principal of Press/Cuozzo Commercial Services, Brix Restaurant facility at 1721 Highland Ave. has been sold. The well established location consists of a 5,342 s/f fully equipped restaurant facility set on 1.09 acres on the northern end of Rte. 10 offering easy access to I-691, I-91 and I-84. Press was the listing agent representing the seller, BG Associates, LLP. The buyer, Luca Ristorante, LLC is projecting an opening in early April. The transaction closed at $715,000.

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Saugatuck Commercial Real Estate brings JECT Medspa to Westport

Westport, CT Saugatuck Commercial Real Estate (SCRE)completed the leasing of the boutique retail suite at 24 Taylor Place to medical aesthetics brand JECT. This highly anticipated location marks JECT’s official debut in the Connecticut market.

Sweeney Real Estate & Appraisal leases space to BRM RI MGMT, LLC at 275 Newport Ave.

DMG Brokerage completes $2.45 million sale of 14,000 s/f mixed-use property in Norwood, MA

Horvath & Tremblay completes the sale of 33 multi-family units in Bridgeport, CT for $6.275 million

Caffrey of Sweeney Real Estate & Appraisal leases space at 99 Wayland Sq.

Caffrey of Sweeney R.E. leases space at 99 Wayland Sq.

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Horvath & Tremblay sells Chipotle, Five Guys and Aspen Dental in Mansfield, CT for $5.827 million

Columns and Thought Leadership

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

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.