News:
Brokerage
Posted: June 26, 2008
Clough of Fantini & Gorga arrange $3.4 million loan for Sears Plaza
Fantini & Gorga arranged a $3.4 million permanent loan for Sears Plaza, a 36,000 s/f, multi-tenanted shopping center, anchored by Sears Appliance & Hardware. The plaza is located at the intersection of Pond St. (Rte. 126) and Eliot St. in a commercialized area of the town.
"The property benefits from good historical occupancy and is a long-term hold for our client," said Wayne Clough, managing director of Fantini and Gorga, who arranged the financing and was assisted in the transaction by Mark Whelan, director.
Saxon Partners, a multi-faceted real estate company with a focus on retail and residential real estate, manages the center and handled the transaction for the center's owner, Ashland Pond, LP.
MORE FROM Brokerage
Carlson of New England Realty Advisors LLC brokers $1.69 million sale of Summer Street Apartments in Haverhill, MA
Haverhill, MA New England Realty Advisors LLC has completed the sale of 85-87 Summer St., an eight-unit multifamily property known as Summer Street Apartments, for $1.69 million. The transaction equates to a sale price of $211,250 per unit and reflects the strong, sustained investor appetite for well-located, cash-flowing multifamily assets in the Merrimack Valley.
Quick Hits
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.
