News: Brokerage

RM Bradley leases 4,300 s/f to MotoPhoto

Avon MotoPhoto, a full service photo store and portrait studio, has relocated to Avon Village Marketplace, according to RM Bradley. MotoPhoto has signed a 7-year lease for 4,300 s/f at 11 E Main St. Local businessman Joel Miller has owned the store for 12 years, currently located at 380 West Main St., since December of 2002. MotoPhoto offers everything from photo prints to photo books including; high-end greeting cards, creative photo gifts, personalized wall art, archiving and video services - all created in house for fast turnaround. MotoPhoto's new store in Avon Village will open this month. Avon Village Associates purchased Old Avon Village from the August family, the owners of the property for the last 40 years, in May of last year. RM Bradley represented the landlord on this transaction.
MORE FROM Brokerage

Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

Norwich, CT Tim Hines of Horvath & Tremblay has facilitated the sale of 200 multi-family units totaling $16.24 million. Hines arranged the sale of an 83 unit multi-family portfolio in Cromwell, Middletown and Norwich, Conn. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $9 million.
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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

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.