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Brokerage
Posted: November 27, 2015
Dragon of Central Plaza Realty & Development leases 15,000 s/f
Central Plaza Shopping Center - Lowell, MALowell, MA James Dragon, managing partner for Central Plaza Realty & Development LLC, the owner of Central Plaza Shopping Center in downtown, completed the lease of 15,000 s/f to Discount Valley Inc. which will operate a discount department store in addition to its two other Massachusetts locations.
Discount Valley will open before Christmas and joins other Central Plaza tenants including AutoZone, Pizza Hut, Family Dollar Rite-Aid, Subway, RadioShack, VMart Grocery Store, Rent-A-Center and Subway.
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Wilder and Greenberg Gibbons for joint venture to acquire Wakefield Commons
Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
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.