RHYS Commercial completes Pet Valu deals

RHYS Commercial, a full-service commercial real estate firm, has recently signed its sixteenth lease on behalf of Pet Valu, a specialty retailer that sells pet supplies. Leases at an additional six locations are in progress, including four in Rhode Island. RHYS partner and head of retail leasing, Jason Wuchiski, and Vice President Tyler Lyman, have been working to introduce Pet Valu into new U.S. markets since March of 2013. RHYS is currently looking to secure new Pet Valu locations in Conn., R.I. and Westchester, Rockland, Orange, Putnam and Dutchess counties in N.Y.

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Kelleher & Pentore of Horvath & Tremblay sell two multi-family property for $13.7 million

Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.

NAI Glickman Kovago & Jacobs brokers $13.5 million sale of 134,648 s/f industrial/flex building

NAI Glickman Kovago & Jacobs brokers $13.5m sale of 134,648 s/f

The Davis Companies closes long-term lease with Downeast Global Logistics at 530 John Hancock Rd.

The Davis Cos. closes long-term lease with Downeast Global Logistics

Colliers represents Marcus Partners and Rhino Capital Advisors in 88,000 s/f industrial lease

Colliers reps. Marcus Ptrs. and Rhino Capital in 88,000 s/f ind’l. lease

O’Brien of Greater Boston Commercial Properties, Inc. handles sale of 45.5 acres of commercial land

O’Brien of Greater Boston Commercial Props. handles sale of 45.5 acres

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Malone and Boulos renew Norman, Hanson & DeTroy lease at East Brown Cow’s 220 Middle St., Portland

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.