News: Brokerage

Avison Young secures 10,000 s/f

Avison Young, the world's fastest-growing commercial real estate services firm, completed a 10,000 s/f long-term lease at Cambridge Hanover's 100 Trap Falls Rd. with Option Care Enterprises, Inc., a subsidiary of Walgreens. Sean Cahill, Avison Young principal and managing director of the firm's Fairfield/Westchester office, represented Cambridge Hanover in the transaction, while Christina Blair of CBRE represented the tenant. Cambridge Hanover purchased the 81,526 s/f property in July 2013, and has completed major capital improvements to convert the building from a single-tenant industrial property to a modern, multi-tenant flex building. The capital improvements have also included significant upgrades to the property and tenant spaces. The property provides access to Rte. 8 by nearby Exits 11 and 12.
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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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Columns and Thought Leadership
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.
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.