News: Brokerage

Saugatuck Commercial closes on retail leases totaling 26,626 s/f for BLT

Saugatuck Commercial Real Estate represented the developer of Harbor Point, Building and Land Technology, in closing the following retail deals: * Dinosaur Bar-B-Que has signed a lease for 7,500 s/f at 845 Canal St. and is expected to open summer/fall 2012. * First Niagara/New Alliance Bank signed a 3,500 s/f lease with drive-thru pad site at Yale & Town. The bank is scheduled to open early December 2011. * Design Within Reach is now open in a 6,433 s/f ground floor retail studio. * Robeks signed a 728 s/f lease for ground floor retail at 711 Canal St. Grand opening was in September. * Go Green signed two leases for retail space at Harbor Point. Grand opening of 1,222 s/f ground floor retail at 711 Canal St. was in August; a smaller, 650 s/f Go Green store at The Square is planned to open later this year. * Subway signed a 738 s/f lease for ground floor retail at 711 Canal St., opening by end of the year. Saugatuck Commercial is a full service commercial real estate company located in Westport. The company represents tenants, landlords and developers, in leasing, investing and developing retail and office property throughout New England.
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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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.