News:
Brokerage
Posted: May 21, 2008
Reilly of Levey Miller Maretz brokers $2.74 million sale for Torello
Shawn Reilly of Levey Miller Maretz in Woodbridge represented both buyer and seller in the sale of the property located at 1651 Boston Post Rd. for $2.75 million, consisting of 2.5 acres and a 12,000 s/f building, the former home of Dakota's restaurant for many years.
The property was sold by Torello Enterprises who operated the Seafarer Restaurant prior to Dakota's to Post Road Market Place LLC. Post Road Market Place LLC plans to develop the property for retail use in the future.
They will either refurbish and lease out the existing building or demolish and have pad sites available.
MORE FROM Brokerage
Kelleher and Pentore of Horvath & Tremblay sell a 15-unit multi-family property in Chelsea, MA for $3.55 million
Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million. 827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
Quick Hits
Columns and Thought Leadership
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.
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.
