News:
Brokerage
Posted: April 26, 2012
Butler Realty Group and DeFelice Realtors cobroke $120,000 sale
Jeffrey Butler of Butler Realty Group and Feng Lei of DeFelice Realtors co-brokered the $120,000 sale of a 3,186 s/f retail building at 734 Park Ave. to Yan Juan Liu. The seller of the 5-unit (2 retail, ground floor; 2 residential, second floor; and a garage) property was Brightside Realty, LLC. The buyer plans on renovating the apartments and opening a Chinese restaurant and gift shop on the ground floor.
And in Swansea, Mass. Butler sold a 1,500 s/f retail location at 572 Grand Army Hwy. to Mark Carreiro. The seller of the former Tim Horton's location was 572 Swansea Realty, LLC. The buyer will open a Sprint Cell Phone Store. The lender for the $415,000 loan was Dime Bank.
MORE FROM Brokerage
O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
Quick Hits
Columns and Thought Leadership
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.
