News: Brokerage

Charter Realty retained by RP Realty Partners to lease Walpole Mall

Charter Realty & Development has been retained by RP Realty Partners LLC of Beverly Hills, Calif. to lease the Walpole Mall, a 391,000 s/f regional mall anchored by Kohl's, Old Navy and Barnes & Noble. The mall recently underwent a $30 million expansion and redevelopment and added a 45,000 s/f LA Fitness, Famous Footwear, Panera, Five Guys Burger and Fries, and Chili's. Charter will reposition and re-tenant the interior mall to capitalize on the market's solid demographics and on the existing retail's strong sales performance. Walpole Mall is the latest addition to CRDC's Enclosed Mall Division which was formed in May to bring the same vision and expertise to enclosed malls as Charter Realty has brought to the open center area for the past 16 years. Thec new division is led by industry expert Peter Elliott who brings extensive experience in the enclosed mall field.
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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.
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Columns and Thought Leadership
End of the year retail thoughts - by Carol Todreas

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

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.