Malone Commercial Brokers sell 10,030 s/f retail building for $2.88 million

South Portland, ME Malone Commercial Brokers has completed the sale of 357 Maine Mall Rd. The 10,030 s/f retail building sold to 357 Maine Mall Road, LLC for $2.88 million. Mark Malone and Nick Malone of Malone Commercial Brokers (representing the seller) and John Finegan of The Boulos Company (representing the buyer) brokered the transaction.

After fifteen years serving as Maine’s only location of the Cracker Barrel restaurant franchise, the vacant space drew speculation about what would be the next chapter for this property. MCB reports that Great Bay Spa and Sauna will establish their second showroom featuring high quality hot tubs, swim spas, and saunas.

Tags: Brokerage Retail

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Sullivan & Sullivan brings 14 Class A office condos to auction

Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.

The Mega Group completes $3.26m sale of 12-unit apartment building

Wilks and Braun of O,R&L Commercial represent AAA Northeast in $2.35m sale

Wilks and Braun of O,R&L Commercial represent AAA in $2.35m sale

Marcus & Millichap arranges $2.4 million multifamily sale

Downtown Realty acquires 3.6 acres for $2.1 million

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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.