News:
Brokerage
Posted: June 23, 2017
Cardente Real Estate brokers two leases totaling 5,592 s/f
Windham, ME According to Cardente Real Estate, C2 Realty, LLC, a Japanese restaurant group from N.Y., has leased 3,092 s/f of restaurant space from Joy Real Estate of Lisbon, LLC, at 818 Roosevelt Trail. Mark Sandler of Cardente Real Estate, brokered this transaction.
In another transaction, Robert Kelly and Lori Gramlich have leased 2,500 s/f of restaurant space from HPH Holdings, LLC, at 15 East Grand Ave., Old Orchard Beach, Maine.
This transaction was brokered on behalf of the landlord by Sandler, and on behalf of the tenants by Karen Rich of Cardente Real Estate.
MORE FROM Brokerage
Goldberg of Spire Investments purchases Beverly portfolio for $9.2m
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.