News: Brokerage

Ryan of Connecticut Commercial sells West Suffield Shops - $500,000

The Somers office of Connecticut Commercial Realty & Select Homes has brokered the sale of the West Suffield Shops. The center, which sold for $500,000, is located at 1365 Mountain Rd. and consists of approximately 9,200 s/f of retail/office space. It is tenanted by the U.S. Post Office and MiniMart. The new owner has plans for many upgrades to the center where space is still available for a restaurant, an end cap with possible drive thru, and second floor apartments.. Christy Ryan of the Somers office of Connecticut Commercial Realty & Select Homes represented the seller, West Suffield Shops, LLC. Attorney Thomas O'Grady of Somers represented the seller. The buyer, Jeff Filiault of Enfield, was represented by attorney Mark Lowell of Canton. Connecticut Commercial Realty & Select Homes operates divisions in both commercial and residential brokerage, and maintains offices in Somers and New London. The firm holds brokerage licenses in Connecticut, Massachusetts, and Rhode Island, and supplies Certified Appraisal services in both Connecticut and New York State.
MORE FROM Brokerage

Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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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.