News: Brokerage

Feiner of MG Commercial sells 2 retail properties totaling $620,000

Dan Feiner of MG Commercial Real Estate Services, representing the ownership of 1088 Bald Hill Rd., sold the 3,700 s/f free-standing retail property for $370,000 which has Hollywood Nails as a tenant in part of the building to AMX Holdings. The new owner will absorb the balance of the building and is a precious metals retailer. They will also sell and purchase jewelry and other accessories. This property is located adjacent to the Rite Aid Pharmacy and is located on Rte. 2. The new owner is expanding their company that is currently located in Conn. In addition, Feiner represented the ownership of 257 Bullock's Point Dr. in East Providence. He sold the 2,800 s/f free-standing retail property for $250,000 to SLW, LLC. The use will remain as a coin operated laundrymat with dry-cleaning services. The new owner will upgrade the equipment and provide full laundry service. There is ample parking for customers. MG Commercial Real Estate is a full service, commercial real estate company located in Providence, and serving all of Rhode Island and southeastern Mass.
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.
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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.