Theroux of Drubner Commercial completes $400,000 sale in Waterbury
David Theroux, managing partner of Drubner Commercial Real Estate has completed the following transaction:
Todd and Anthony Tobacco has purchased 461 Watertown Ave. from The Dover Benedict Group.
The Tobacco brothers will convert the former used car building to a full-service car wash and detailing center.
The reconstruction is underway and an opening is expected this fall.
The sales price was $400,000 and Theroux was the only broker in the transaction.
Newport, RI Marcus & Millichap completed the sale of the Newport Portfolio, a 33-property, 96-unit multifamily portfolio in Newport and Portsmouth, R.I. The portfolio sold for $31.965 million, or $333,000 per unit.
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.
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.