News:
Brokerage
Posted: November 23, 2011
Allaire of Century 21 Commonwealth Commercial sells 6,831 s/f building for $2.09 million
Jeff Allaire of Century 21 Commonwealth Commercial represented the seller, Joshua Realty, LLC, and procured the buyer, Bellingham Auto, LLC, in the $2.09 million sale of a 6,831 s/f free standing Advance Auto Parts building.
The store was constructed in 2008 with an upgraded brick exterior. It is located at a signaled intersection directly across from a Stop & Shop at 45 Pulaski Blvd.
The lease had approximately 13 years remaining on the original 15 year term. The sale closed at $305 per s/f representing a 7.81% Cap Rate.
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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury
West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
Columns and Thought Leadership
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
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.
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