TRB Development Group completes renovation and starts two projects
TRB Development Group, Inc. of Hooksett, N.H., has just completed a five-week turnaround renovation of the existing Rite Aid Pharmacy. All work was performed at night including new interior treatments to floors, walls and ceilings, new millwork in pharmacy, in-store department signage, and relocating storefront entry and vestibule.
Also, TRB has begun two nearly identical projects to create approximately 9,000 /f in each of two Ocean State Job Lot stores for future tenant Dollar Tree. Work to include creation of "vanilla boxes" with their own entrances, demising walls back-to-back with existing OSJL stores, new primer-coated sheet rock, finish paint on the OSJL side, all plumbing fixtures capped and ready for completion, and the same for electrical and HVAC.
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.
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.