News: Brokerage

Halprin and Pickering of New England Retail Properties negotiate 4,100 s/f lease

Matthew Halprin and Nelson Pickering of New England Retail Properties, Inc. negotiated a lease totaling 4,100 s/f between JMM Properties, LLC and Studio Z Fitness, LLC in DB Shopping Center located at 803-875 West Main St. The 26,500 s/f shopping center is located on Rte. 1 and is also home to Dress Barn and Blockbuster Video. Halprin and Pickering orchestrated the deal which gave the Zumba Fitness franchisee their second permanent location along the 95 shoreline corridor. As of May 2010 the Zumba program is being taught at over 60,000 locations in 105 countries, has sold millions of DVDs, and has changed the lives of Zumba fanatics worldwide with 7.5 million participants taking Zumba classes every week. Halprin and Pickerng represented the landlord, JMM Properties, LLC, and were the sole brokers in the deal.
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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.
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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.