Atlantic Development sells Lowe's Marketplace for $8.9 million

Atlantic Development sold the newly built, 177,448 s/f Lowe's Marketplace to a private investment group for $8.9 million. The retail plaza was acquired by an entity called 379 Fifth Ave. Realty Corp. The plaza was completed in 2007 and is leased to Lowe's Home Improvement, Chili's Grill & Bar and Mansfield Bank. Cushman & Wakefield of Mass. Inc. represented the seller, Hingham, based Atlantic Development, and found the buyer.

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Six months later: How RBCRs are changing real estate transactions - by Louis Muratore

This shift from transaction-driven to release-driven regulation is already influencing how buyers, sellers, and developers evaluate environmental risk. Under the CPTP framework, environmental obligations were often triggered solely because a qualifying property changed ownership. The result was that many transactions became bogged down by environmental compliance requirements that had little relationship to current environmental risks.

Horvath & Tremblay sells Trader Joe’s in Shelton for $7,882,639

Rohrer and Scanlon of Colliers sell 140 Queen City Ave. - $7.5 million to RIO Holdings NH

Rohrer and Scanlon of Colliers sell 140 Queen City Ave. - $7.5m to RIO Holdings NH

Robinson and Norwood of NAI Norwood Group sell 21,780 s/f industrial for $1.445 million

Robinson and Norwood of NAI Norwood Group sell 21,780 s/f ind’l. for $1.445m

Russell and Nolan of Pearce close deal on 30,000 s/f industrial building

Pearce closes deal on 30,000 s/f industrial building

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Finance

Synergy completes $20 million repositioning and $92.1 million refinancing of 101 Arch St.

Columns and Thought Leadership

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

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.