News:
Brokerage
Posted: May 22, 2014
Scanio of Cambridge Capital negotiates $9.36 million sale
Cambridge Capital Advisors, LLC has negotiated the sale-leaseback of Inner Harbor Marketplace. The property is a 35,000 s/f, grocery anchored shopping center located at 77 Scranton Ave..
The sale price was $9.36 million. Inner Harbor Marketplace is anchored by Windfall Market which executed a new 15-year NNN lease upon the close of escrow. West Marine, which has occupied this location since 1994, exercised a 5-year option.
Michael Scanio, managing partner of Cambridge Capital Advisors, represented both the buyer and the seller.
Cambridge Capital Advisors, LLC is a commercial real estate firm that provides strategic real estate advisory and consulting services to both private and institutional clients throughout the country on the acquisition and disposition of investment properties.
MORE FROM Brokerage
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.
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.