Angel Comm’l brokers $1.825m sale - 5,440 s/f

Fairfield, CT Angel Commercial, LLC, arranged the purchase of a 5,440 s/f commercial property on 0.89 acres at 1320 Kings Highway Cutoff by 1320 KHC Assoc., LLC, an investment firm, for $1.825 million. The seller was 1320 Kings Highway LLC.

“This was an off-market deal,” said Jon Angel, president of Angel Commercial, LLC, who was the sole broker in this transaction. “The property had been leased to Bank of America for several decades until this branch closed in 2020 as BOA modified its regional footprint. The property is currently available for lease and features a canopied drive-thru with four bays. It is minutes to I-95, across from McDonald’s, and close to Marshall’s, CVS, and DSW.”

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Kelleher & Pentore of Horvath & Tremblay sell two multi-family property for $13.7 million

Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.

NAI Glickman Kovago & Jacobs brokers $13.5 million sale of 134,648 s/f industrial/flex building

NAI Glickman Kovago & Jacobs brokers $13.5m sale of 134,648 s/f

The Davis Companies closes long-term lease with Downeast Global Logistics at 530 John Hancock Rd.

The Davis Cos. closes long-term lease with Downeast Global Logistics

Colliers represents Marcus Partners and Rhino Capital Advisors in 88,000 s/f industrial lease

Colliers reps. Marcus Ptrs. and Rhino Capital in 88,000 s/f ind’l. lease

O’Brien of Greater Boston Commercial Properties, Inc. handles sale of 45.5 acres of commercial land

O’Brien of Greater Boston Commercial Props. handles sale of 45.5 acres

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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.