The commercial real estate (CRE) sector has long been steeped in tradition, but recent years have witnessed a dramatic shift towards innovative technologies, reshaping the entire CRE ecosystem. Integrating artificial intelligence (AI) into real estate processes is particularly noteworthy, enhancing efficiency and accuracy in remarkable ways.
Cambridge, MA According to East Cambridge Savings Bank, their CEO, Gilda Nogueira, received the Massachusetts Bankers Association (MBA) Lifetime Achievement Award. The award was presented at the association’s annual Women and Allies in Banking Conference.
Franklin, MA R.W. Holmes has negotiated a new 9,600 s/f industrial lease, and a renewal of 24,000 s/f, totaling 33,800 s/f at 40 Kenwood Circle. IEH Auto Parts LLC, an automotive parts and products distribution company, signed a new lease of 9,600 s/f at 40 Kenwood Circle. R.W. Holmes executive vice president John Eysenbach and associate Mike Fahy represented the landlord, LMF Franklin Corp.
The A.D. Makepeace Company partners with the Marion Institute to develop a Farm to Food Relief program
Plymouth, MA The A.D. Makepeace Company (ADM) is partnering with the Marion Institute to develop a Farm to Food Relief program to grow food for those in need. Known as The Neighborhood Farm at Frogfoot, the six-acre farm will be located on ADM property in a remote area on the Plymouth-Wareham town line.
Bridgeport, CT Soda Stop Plus Thrift and Bottle Return purchased a 68,750 s/f industrial warehouse on 3.7 acres at 1100 Boston Ave. where it will relocate its business. The sale price was not disclosed. The Bottle Return Center owned by Fred Miers has been in business for 30 years and will be relocating to its new facility later this year.
Holyoke, MA JM Electrical has held a groundbreaking of Level 3 Electric Vehicle (EV) charging stations at Marcotte Ford. JM Electrical is one of greater Boston’s largest providers of specialized electrical construction work with service offerings for the latest renewable energy technologies.
Everett, MA North Shore Realty Advisors, Inc. has completed the sale of 765 Bdwy. Dan and Sara Pouladian as exclusive agents to United Properties procured the buyer through their private network with over 50 tours and multiple offers.
Worcester, MA According to NAI Glickman Kovago & Jacobs, Jonah Glickman joined the team as a vice president with the firm. He will join the firm as a sales professional, involved in facilitating commercial real estate transactions. Glickman brings four-years of banking experience, most recently as a commercial credit analyst at Cornerstone Bank where he analyzed new and existing commercial lending relationships
Is it time for appraisers to start making downward market condition adjustments? - by Josephine Aberle
You are going to start seeing downward adjustments in appraisal reports for changing market conditions. Although the issues within the commercial real estate, CRE market are well known, it may be a jarring experience to see the adjustment applied to your property.
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