News: Brokerage

Prolman Realty and Grubb & Ellis | NNE leasing agents for two retail centers

Prolman Realty, Inc. and Grubb & Ellis|Northern New England have been selected by the Hardman Companies to bring two retail shopping centers to the market. Merrimack Commons, located on Rte. 3, consists of 86,136 s/f situated on 13.2 acres, and Granite Town Plaza, in Milford, consists of 109,069 s/f situated on 18.3 acres. Both centers are anchored by Tractor Supply and offer unique opportunities for immediate cash flow, as well as redevelopment opportunities. Dan Scanlon of Grubb & Ellis and Lisa Morrison and Mark Prolman of Prolman Realty, are the agents working on this assignment.
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Downtown Realty completes $375,000 land sale

Tilton, NH Downtown Realty completed the closing of a 6.16-acre parcel located on Sanborn Rd., which sold for $375,000. The site has received approval for the development of a 60,000 s/f self-storage facility, marking another commercial development milestone in the Lakes Region.
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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

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

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.