News:
Brokerage
Posted: March 22, 2012
H. Pearce Commercial and Just Restaurants sell former Frankie's - $650,000
359 Boston Post Rd, formerly known as Frankie's Restaurant, is under new ownership and is targeted to reopen as Upper Deck Sports Bar & Grill by April 1st. Craig Fuchs of H. Pearce Commercial represented the owner, Eastern Savings Bank (of Maryland), and John Russo of Just Restaurants LLC represented the buyer, Grumps Productions LLC, an experienced restaurant developer and operator. The 5,300 s/f building, with well-known 1,700 s/f roof-top deck for seasonal outdoor dining, on two parcels comprising 4.27 acres, sold for $650,000. Grumps plans major renovations and all new kitchen.
MORE FROM Brokerage
Kelleher and Pentore of Horvath & Tremblay sell a 15-unit multi-family property in Chelsea, MA for $3.55 million
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
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.
