Blakely of TRB & Assoc. brokers $3.65 million for M Hotels LLC

TRB & Associates has brokered the sale of 90 Worcester Rd. "The Monticello Motel" located on Rte. 9 for $3.65 million. The 63 guest room motel is situated in the heart of the city's Rte. 9 "Golden-Mile" corridor. The site is strategically located on the eastbound side of Rte. 9, diagonally across from the Natick Mall and directly across from Shopper's World and Wal-Mart at the base of Jordan's Furniture and immediately next to DeScenza Diamonds, Tweeter and Bed Bath and Beyond. Thomas Blakely, CCIM and president of TRB & Assoc. based in Lincoln, Mass., exclusively represented the seller M Hotels LLC in the transaction. Paul Carter of The Carter Group LLC provided consulting services to the buyer who plans to redevelop the site. TRB & Associates and The Carter Group have been appointed as the leasing agents for the new retail development.

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Combined Properties renews 164,095 s/f lease to Conduent, Inc.

Lynnfield, MA According to Combined Properties, Inc., Conduent Inc., a leader in document technology and services for more than half a century, has renewed its lease of 164,095 s/f at 66-70 Broadway. The complex has served Conduent and prior affiliates since 1996.

Marcus & Millichap arranges sale of South Shore self-storage property

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Papazian of Greater Boston Commercial Properties Inc. brokers $2 million sale

Cummings Properties signs Applied ABC to 5,100 s/f at Gill St. property

Cummings signs Applied ABC to 5,100 s/f at Gill St. property

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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

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.