Blakely of TRB & Associates brokers $3 million hotel sale
TRB & Associates represented the buyer and has brokered the sale of the 108-room Plymouth Bay Inn & Suites located at 149 Main St. for $3 million. NAI/Hunneman Commercial was the exclusive agent for the seller.
Thomas Blakely, CCIM and president of TRB & Associates, Inc., procured and represented the buyer, Payal Hotel LLC in the transaction.
"TRB & Associates, Inc., is extremely pleased to have represented the buyer in this transaction. It is always a pleasure to provide commercial real estate brokerage services to high quality clients" said Blakely.
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.
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.
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.