Graf and Sannella of Houlihan-Parnes arrange $5.45m sale of Rivers Edge

Ed Graf and Ted Sannella of Houlihan-Parnes/ iCap Realty Advisors have arranged for the acquisition of The River's Edge Shopping Plaza. The property is located at 45 South Main St. The 2.23 acre shopping center consists of a two-story retail and office building containing 51,628 s/f. The center is anchored by CVS. Other on-site tenants include Verizon Wireless, Valley Fitness Center, Peoples Choice Pizza, and Quest Diagnostics. The property was purchased for $5.45 million.

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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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Routine Properties acquires Bristol Business Park - 406,665 s/f industrial campus

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.