News: Brokerage

Royal Properties named exclusive broker for two centers in Shelton; Shelton Town Center and Crown Point Center

Royal Properties, Inc. has been retained to exclusively represent two centers. Shelton Town Center is located at 350 Bridgeport Ave. Located off Exit 13 on Rte. 8, this newly developed shopping center includes tenants such as Planet Pizza, Hertz, Draft House, Blue Lotus Nail Spa and Linda's Liquors and Wines. Shelton Town Center has excellent visibility and provides a large parking area. Traffic counts along Bridgeport Ave. average 18,000 vehicles per day. There is currently 1,685 s/f available for lease. Crown Point Center is located at 484-514 Bridgeport Ave. This highly visible center includes tenants such as Starbucks, Verizon Wireless, The UPS Store, Sprint, Subway, Dunkin' Donuts, Wendy's, Enterprise Rent-A-Car and many more. Crown Point Center is conveniently located in the middle of Shelton's retail corridor. There is currently 1,953 s/f and 2,566 s/f (can be sub-divided) available for lease. The spaces can also be combined. Royal Properties, Inc. is a retail brokerage, property management, and consulting company specializing in the placement of retailers throughout N.Y., N.J., & Conn.
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Wilder and Greenberg Gibbons for joint venture to acquire Wakefield Commons

Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
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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.