NorthMarq Capital arranges $20.77 million refinance of Whole Foods

Ernest DesRochers, senior vice president/managing director of NorthMarq Capital's New York metro based office finalized the $20.771 million refinance of a 50,000 s/f Whole Foods located at 150-152 Ledge Rd. The transaction was structured as a 24-year term fully amortizing loan with a low debt service coverage ratio requirement. NorthMarq arranged financing for the borrower through its correspondent relationship with a CTL lender. "The property is located in one of the strongest demographic areas in the United States and exhibits strong property economics; however, it is encumbered with a long-term ground lease," said DesRochers.

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Combined Properties renews 164,095 s/f lease to Conduent, Inc.

Lynnfield, MA According to Combined Properties, Inc., Conduent Inc., a leader in document technology and services for more than half a century, has renewed its lease of 164,095 s/f at 66-70 Broadway. The complex has served Conduent and prior affiliates since 1996.

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Cummings Properties signs Applied ABC to 5,100 s/f at Gill St. property

Cummings signs Applied ABC to 5,100 s/f at Gill St. property

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Tishman Speyer secures 149,155 s/f in lease expansions at 125 High St.

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.