Faye of Capital Commercial Real Estate brokers $5.125 million sale

Ellen Faye, broker associate of Capital Commercial Real Estate brokered the $5.125 million sale of 1665-1675 VFW Pkwy. The property is comprised of 5.7 acres with 28,836 s/f of retail space. Tenants include Pet Supplies Plus, Town Fair Tire and Bank of America. Faye represented the seller, Heather Realty Trust, and procured the buyer, RK Centers of Dedham, Mass. According to Faye, "This asset is a high visibility retail center located in a busy trade area on Rte. 1 with tremendous population density near Legacy Place." Interest in the asset was strong due to the tenant roster and location. Ultimately, it was an ideal acquisition for RK Centers due to its close proximity to RK Centers corporate headquarters, adding to their extensive portfolio of over 7 million s/f of commercial space and shopping centers throughout New England and Florida.

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Kelleher & Pentore of Horvath & Tremblay sell two multi-family property for $13.7 million

Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.

NAI Glickman Kovago & Jacobs brokers $13.5 million sale of 134,648 s/f industrial/flex building

NAI Glickman Kovago & Jacobs brokers $13.5m sale of 134,648 s/f

The Davis Companies closes long-term lease with Downeast Global Logistics at 530 John Hancock Rd.

The Davis Cos. closes long-term lease with Downeast Global Logistics

Colliers represents Marcus Partners and Rhino Capital Advisors in 88,000 s/f industrial lease

Colliers reps. Marcus Ptrs. and Rhino Capital in 88,000 s/f ind’l. lease

O’Brien of Greater Boston Commercial Properties, Inc. handles sale of 45.5 acres of commercial land

O’Brien of Greater Boston Commercial Props. handles sale of 45.5 acres

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Casey of Sweeney assists Brown Lisle/Cummings' move after 113 years at 76 Westminster

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.