News: Brokerage

Shair of M&J Commercial arranges 1,720 s/f lease for Elizabeth Grady

According to Mark Shair, president of M&J Associates, Elizabeth Grady has opened at The Shops At Ocean's Gate. The shopping center is 40,000 s/f and is located at the corner of Rt. 139- Ocean St. and Webster St. in downtown. Elizabeth Grady occupies 1,720 s/f and is located facing Ocean St. They are the largest skin care salon chain in N.E. They operate 40 locations in Mass., Conn. and N.H. They offer full service skin treatments including facials, waxing, make-up, nails and massage. According to Shair, "Elizabeth Grady fits into the towns demographic perfectly and will be well received in these communities." The development team are the developer - Diamond/Sinacori LLC; architect - Utile, Inc.; general contractor - CB Construction Co.; financing/lender - Century Bank; and exclusive leasing agent - M&J Associates, Inc.
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Kelleher and Pentore of Horvath & Tremblay sell a 15-unit multi-family property in Chelsea, MA for $3.55 million

Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million.  827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
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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.
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.