News:
Brokerage
Posted: April 22, 2016
The Geenty Group sells 190 Main Street for $405,000
190 Main Street - Deep River, CTDeep River, CT The Geenty Group, Realtors, reported the sale at 190 Main St. This property is a 6,424 s/f retail building in downtown. The sale price was $405,000.
The buyer is J & J Haddam, LLC. The principal, Jeffrey Merriam, is the owner of “Any Time Fitness,” a 24-hour fitness center that will join Deep River Cleaners in the retail center. The seller is Kleban Holding Company V, LLC of Fairfield, Conn.
Kristin Geenty SIOR was the agent for the seller. Franchise Real Estate in Minnesota was the agent for Any Time Fitness.
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.
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
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
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.