News: Brokerage

Atherton & Associates completes $1.02 million sale of 7,500 s/f building

Bryan Atherton, CCIM, president of Atherton & Associates Commercial Properties and 2011 president of CT CCIM Chapter, brokered the $1.02 milion sale of 7 Berkshire Rd. Atherton's knowledge of the Newtown and Fairfield County commercial markets and local business trends assisted in the sale of this property. Atherton's knowledge of Internal Rate of Return analysis was a vital tool that assisted him in preparing a comprehensive financial analysis for the investor. The purchaser, 890 Realty Company LLP, a local real estate investor, saw great upside potential with the financial analysis model to add to his existing real estate portfolio. The seller was 7 Berkshire Rd. LLC. The 7,500 s/f multi tenant building consists of two tenants; 5,000 s/f leased to a preschool and 2,500 s/f leased to a Yoga and wellness studio. The transaction required no financing and was purchased by the buyer in cash at closing.
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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.
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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.
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.