News: Brokerage

Hughes of New Dover Associates sells industrial condo. for $595,000

Billerica, MA Scott Hughes, president of New Dover Associates, Inc., represented the seller in the sale of 34 Sullivan Rd., Unit 27, for the purchase price of $595,000. Michael Barbera, principal broker of BA Property & Lifestyle Advisors, represented the buyer, HMB Properties, LLC.

34 Sullivan Rd., Unit 27 in the Sullivan Road Industrial Center is a 3,149 s/f industrial condominium which includes 2,075 s/f of workshop and warehouse space, 597 s/f of second floor office space and 477 s/f of mezzanine storage space. 

MORE FROM Brokerage

Six months later: How RBCRs are changing real estate transactions - by Louis Muratore

This shift from transaction-driven to release-driven regulation is already influencing how buyers, sellers, and developers evaluate environmental risk. Under the CPTP framework, environmental obligations were often triggered solely because a qualifying property changed ownership. The result was that many transactions became bogged down by environmental compliance requirements that had little relationship to current environmental risks.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.