News: Brokerage

SullivanHayes represents The Fresh Market in 18,000 s/f lease

Tim McNamara and Brian Knowles of Farmington-based SullivanHayes Companies represented The Fresh Market in its second Connecticut location on Rte. 44 in 18,000 s/f at Nod Brook Mall. The team negotiated the ground up development with New York-based landlord, Midwood Management. The location will serve as a pad in the center which is anchored by Marshall's and Michael's Arts & Crafts. The Fresh Market, headquartered Greensboro, N.C., is a publically held upscale grocer with over 100 stores in 20 states. This location marks the company's third New England store with the other locations being in Westport and Hingham, Mass. The store is known for high quality perishables and "ready to eat" entrees in an "old-world" style décor. McNamara and Knowles continue to search for high quality locations for The Fresh Market in Connecticut and Westchester County, N.Y. The company plans to open in late 2011 or early 2012.
MORE FROM Brokerage

Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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Columns and Thought Leadership
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.
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.