News: Brokerage

Santoro of Kinlin Grover Commercial Group completes $2.6 million sale

Nat Santoro, CCIM of Kinlin Grover Commercial Group has sold the Seatoller Plaza, a fully tenanted 14,058 s/f strip center with two duplexes (4 units) for a total of 17,130 s/f. The purchase price for this 2.24 acre parcel was $2.6 million. The property has sold to the anchor tenant Ace Hardware. Santoro represented the buyer, and Gil Owren, a local broker and Attorney Anne-Marie Litchfield of Chatham, represented the seller. The financing was provided by Charlie DeSimone of The Bank of Cape Cod.
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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.
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Columns and Thought Leadership
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.
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.