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Brokerage
Posted: February 24, 2010
Horvath and Tremblay of Marcus & Millichap complete $2.772 million sale of CVS
Marcus & Millichap Real Estate Investment Services has brokered the transaction of 10,125 s/f CVS Pharmacy located at 189 Summer St. The sale price of $2.772 represents $273 per s/f and a cap rate of 9.1%. The CVS had 8 years remaining on the base term with 2 ten year options.
Robert Horvath and Todd Tremblay represented the seller, Kingston Summer LP. The buyer, Frank Sullivan, was also procured by Horvath and Tremblay.
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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.
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