News:
Brokerage
Posted: April 23, 2015
Galvani of Parsons Commercial Group completes $4.15 million sale
Parsons Commercial Group, Inc. (PCG) completed the sale of 75 Bolton St. Ext. for $4.15 million.
Victor Galvani, vice president at Parsons Commercial Group represented both the seller, Yorkshire Realty Trust and the buyer, Arak II, LLC in this transaction.
75 Bolton St. Ext. is a 13,363 s/f retail building that is fully leased to Rite Aid Pharmacy. "75 Bolton Street Ext. is a great investment opportunity for an owner with minimal landlord obligations having the single tenant in-place for over 10 years on a NNN lease," said Galvani.
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.
Quick Hits
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.