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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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.

Northshore Phoenix High School moves to 10,744 s/f at Cummings Center

Northshore Phoenix High School moves to Cummings Center

Combined Properties leases 18,581 s/f in Centennial Park to HTS Engineering

Combined leases 18,581 s/f to HTS Engineering

Summit brokers freestanding Taco Bell entry into Cape Cod market

NAI Glickman Kovago & Jacobs brokers acquisition of Quarry Square

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Columns and Thought Leadership

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

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.