Simone Development Companies acquires four auto dealership properties
Simone Development Companies has acquired auto dealership properties on West Putnam Ave., for an undisclosed price. Together, the four properties house two luxury car dealerships, including the local Mercedes-Benz and Cadillac franchises, according to Joseph Simone, president of Simone Development Cos.
The property addresses are 217 West Putnam Ave., 252 West Putnam, 261 West Putnam, and 262 West Putnam.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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.
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.