News: Brokerage

Knowles of SullivanHayes Companies represents CVS in ground lease

Brian Knowles of Farmington-based SullivanHayes Companies represented CVS/pharmacy in a ground lease at the SWC of Rte. 202 and Pleasant St. (Five Corners). The site was an assemblage of two properties - a closed gas station and Pleasant St. Auto. The landlord in the transaction was Pride LP of Springfield. This site fills a void in the market for CVS and will attract customers from Granby, South Hadley and other neighboring communities. Site work has begun and CVS expects a 2012 opening. Knowles represents CVS throughout Western and Central Massachusetts as well as the northern half of Connecticut.
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DMG Brokerage completes $2.7 million sale of 55 Accord Park Dr.

Rockland, MA DMG Brokerage completed thel sale of 55 Accord Park Dr. for $2.7 million. The 26,000 s/f commercial property presented a unique marketing challenge due to its 60% vacancy and site restrictions that limited potential redevelopment options.
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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.
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.