News: Brokerage

Scanlon of G&E|Northern New England sells 3,160 s/f 109 Manchester Street Car Wash

November 25, 2009, LLC has purchased the 109 Manchester St. Car Wash from 109 Manchester St. Car Wash, LLC for $980,000. The 3,160 s/f facility was built in 2003 and is located in a strong retail corridor that is home to several auto dealerships. Dan Scanlon, JD, CCIM of Grubb & Ellis|Northern New England's Manchester office represented the seller and procured the buyer. The sale included the real estate, equipment and business. Steve McDonough and Tony Crawford, the principals of the buyer entity, own and operate several other car washes in southern New Hampshire under the Circle T brand. "This acquisition gives the buyers a presence in another market and they plan to re-brand the wash as part of the Circle T family," said Scanlon.
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Wilder and Greenberg Gibbons for joint venture to acquire Wakefield Commons

Wakefield, NC Wilder and Greenberg Gibbons have formed a joint venture to acquire Wakefield Commons, a 163,975 s/f shopping center located in the high-growth submarket of Raleigh, N.C. The acquisition marks a significant milestone for both firms – representing Wilder’s entry into the North Carolina market
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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.