Seadia of Investment Property Specialists sells strip mall for $2.5m

Michael Seadia of Investment Property Specialists, Inc. has sold a 15,144 s/f retail building located at 122 Turnpike Rd. with approximately 57,633 s/f of land. Seadia was the sole broker in the transaction. The sale price was $2.5 million. The seller was Westboro Property Advisors, LLC. Seadia will continue to work for the new owner as the exclusive leasing agent for the property.

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O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property

Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.

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Prescott IOS and the Stubblebine Company complete 30,500 s/f on three acres of IOS in a build-to-suit lease at 3 Belcher St., Plainville, MA

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Newmark arranges $113.5 million sale of 4-6 and 28 Newbury St. for ASG Equities

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.