Mancinone and Barbarisi of Marcus & Millichap broker $2.58 million sale

Adam Mancinone and Blake Barbarisi of Marcus & Millichap Real Estate Investment Services of New Haven, Conn. have brokered the sale of 360 Russell St. for $2.58 million. Marcus & Millichap represented both the buyer, Robert Von Ancken, and the seller, a Conn. based investor. The property is a new construction, free standing Verizon Wireless store that opened for business in March. The building consists of 4,600 s/f and sits at the signalized intersection of Russell St. (Rte. 9) and North Maple St. The property is surrounded by national retailers and benefits from its close proximity to both Amherst College and the University of Mass.-Amherst. The aggressive price per s/f, $561, is attributed to the highly desirable location of the property, the financial strength of the tenant, Verizon Wireless, and the structure of the lease.

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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.

Northshore Phoenix High School moves to 10,744 s/f at Cummings Center

Northshore Phoenix High School moves to Cummings Center

Combined Properties leases 18,581 s/f in Centennial Park to HTS Engineering

Combined leases 18,581 s/f to HTS Engineering

Summit brokers freestanding Taco Bell entry into Cape Cod market

NAI Glickman Kovago & Jacobs brokers acquisition of Quarry Square

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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

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

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.