Todreas Hanley Associates (THA) is an urban retail real estate consulting and brokerage firm with considerable experience in developing reality-based revitalization strategies for properties in downtowns and neighborhood commercial districts. Revitalization of public places, mixed-use development and the re-use of historic structures are our special expertise. The associates use their market knowledge to assist developers, architects, and municipalities design optimal business conditions so that properties, streets, or centers will attract the desired tenants and their customers. THA is in the forefront of creativity and innovation in retail development, while maximizing returns for investors. THA works to transform outdated districts, town centers, and shopping centers into thriving and productive real estate.
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
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.
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.