News: Brokerage

Waters of Lang McLaughry completes 1,380 s/f lease expansion

Bruce Waters, CCIM, senior broker of Lang McLaughry Commercial, completed a 1,380 s/f lease expansion for Cantore Pizza, for the inclusion of a sports bar and expanded seating. Owned and operated by Vinnie Cantore, he said, "The Glen Road Plaza has been a very successful location for us, despite limited seating. Customer demand suggested the need for expanding the capacity and added attractions. We are very excited about the expansion." Glen Road Plaza is a mixed-use 40,000 s/f commercial plaza located just off of Exit 20 of I-89. Other notable tenants located at the Glen Road Plaza are: Subway, Illuminations Lighting, Birth of the Blues, Enterprise Car Rental and the Dance Collective to name a few. Construction for the new Cantore Pizza expansion has commenced, with an expected grand opening in May. Lang McLaughry Commercial represented the Glen Road Plaza owners and assisted Cantore Pizza with the new lease.
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Hines of Horvath & Tremblay completes the sale of 200 multi-family units in Connecticut for $16.24 million

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.
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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.