News:
Brokerage
Posted: February 26, 2015
Martin of Colliers International sells 11.08 acres for $1.8 million
According to Colliers International, a global leader in commercial real estate services, Doug Martin of the Manchester, N.H. office, represented the seller, W&E Realty, LLC, and assisted the buyer, 94 Manchester Street, LLC, in the sale of 94 Manchester St. The sale price was $1.8 million, according to the records of the Merrimack County Registry of Deeds.
This 11.08 acre mixed-use lot was the last large auto sale site in Concord. 94 Manchester Street, LLC plans to redevelop the site into a full-service Key Auto Group location, including relocating Key Collision of Concord to a new 20,000 s/f facility on the site. This property adds to its growing portfolio in New Hampshire.
MORE FROM Brokerage
Goldberg of Spire Investments purchases Beverly portfolio for $9.2m
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
Quick Hits
Columns and Thought Leadership
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.