News:
Brokerage
Posted: June 24, 2016
Nohrden and Burgess of Burgess Properties sell 43,000 s/f for $4.3 million
Steve Nohrden, Burgess Properties
Phil Burgess, Burgess Properties
Malden, MA Burgess Properties Inc., one of Greater Boston’s premier suburban commercial brokerage firms, has sold Malden’s “Golden Bell Building” located at 22-44 Eastern Ave. The 43,000 s/f centrally-located retail and office building is a short walk to Malden’s Orange Line T Station and was fully leased at the time of sale.
Malden-based investor Andreas Tsitos purchased the property from Beverly-based Goldberg Properties. Steve Nohrden and Phil Burgess of Burgess Properties, Inc. were the sole brokers in the transaction.
MORE FROM Brokerage
Marcus & Millichap brokers $3 million sale of industrial property in New Hampshire’s Lakes Region
Belmont, NH Marcus & Millichap has completed the sale of a single-tenant industrial property. The asset sold for $3.05 million.
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.
