Old orchard beach, ME Danielle Lape, associate broker with King Real Estate negotiated 4 leases totaling 8,550 s/f.
* Taste of Thai Orchard leased 4,500 s/f of restaurant space at 32-34 Old Orchard St.
* Yarn Sellare leased 750 s/f of retail space at Meadowbrook Plaza, York.
* Dance Studio renewed a 2,000 s/f retail lease in space at Meadowbrook Plaza, York.
* Pepperell Sweets leased 1,300 s/f of retail space at 10 Pepperell Sq., Saco.
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
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.
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.