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Brokerage
Posted: September 27, 2012
PATCO builds 6,000 s/f NAPA Auto Parts Store
In 2011 NAPA (Genuine Parts Company) chose PATCO to renovate a 9,000 s/f location in Sanford, ME. They were so impressed with the renovation that they once again selected PATCO to build the company's 6,000 s/f store. The Waterboro location adds a new branch to the company, boosting employment in the area with all new employees and management.
There were a couple of challenges associated with this project. It was necessary to demolish an existing structure on the property prior to beginning site work, and blasting was also required for ledge removal.
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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.