O'Brien of CB Richard Ellis sells 19,350 s/f strip center for $1.225m
Margaret O'Brien, vice president of CB Richard Ellis, has negotiated the sale of Gonic Plaza, a fully leased multi-tenant retail/office building at 187 Gonic Rd. to Astoria Boulevard Realty Group for $1.225 million.
O'Brien represented the seller and procured the buyer in this transaction.
strong>Lynn, MA Stephen Girolamo, Dennis Kelleher, and John Pentore of Horvath & Tremblay completed the sale of a 36-unit multifamily property at 12-16 Border St. for $8.367 million, equivalent to $232,417 per unit.
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.
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.