News: Brokerage

Schimenti Construction to complete COS store

Schimenti Construction Company is in the midst of doing a total gut and reconstruction of a historic NYC building to create the first COS (Collection of Style) store in the U.S. The building is located at 129 Spring St. Schimenti is turning the current structure, built in 1817, into a 7,600 s/f, five-story retail space while preserving the historic façade and windows. The project includes lowering the basement floor, excavating soil, removing the roof and installing a new elevator and a feature staircase. Begun in May, the project is slated for completion this fall. The project architect is Office/AO Architecture PLLC of New York City. COS is an H&M brand that features modern and functional design for women and men.
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DMG Brokerage completes $2.7 million sale of 55 Accord Park Dr.

Rockland, MA DMG Brokerage completed thel sale of 55 Accord Park Dr. for $2.7 million. The 26,000 s/f commercial property presented a unique marketing challenge due to its 60% vacancy and site restrictions that limited potential redevelopment options.
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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

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