News: Brokerage

McMahon of NAI Norwood Group leases 6,000 s/f at Exeter Commons

Chris McMahon of NAI Norwood Group's Portsmouth office has leased 6,000 s/f of retail space to Exeter Paint and G&N Flooring by Design at Exeter Commons Shopping Center on Portsmouth Ave. Exeter Paint and G&N Flooring By Design, the newest additions to Exeter Commons, are both locally owned businesses which have shared retail space on Portsmouth Ave. in Stratham for the past 10 years. When Abba Medical Supply decided to close its large store at Exeter Commons and downsize, McMahon saw the perfect opportunity for these two complementary businesses to occupy the vacant space and add to the shopping center's tenant mix. Through a creative approach, the tenants and the landlord, REL Commons, LLC, were able to put together a great space at Exeter Commons for both tenants to share and operate independently. McMahon is the leasing agent for the landlord, WJP Development, at all of its New Hampshire shopping centers.
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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.
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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.