News:
Brokerage
Posted: June 23, 2023
Stebbins of The Boulos Company arranges $3.825m sale of 10,717 s/f retail building
Daniel de Sa’ of HMX Realty Advisors represented the seller. The buyer was represented by Noah Stebbins of The Boulos Company.
The buyer has been seeking to acquire triple-net leased retail investment properties with long-term leases in place in Southern Maine — given the limited supply of investment properties throughout the state. They’ve been looking at 317 Rte. One for nearly a year, attracted to the new construction, quality tenants, and proximity to the Kittery outlets and Portsmouth Naval Shipyard.
MORE FROM Brokerage
Goldberg of Spire Investments purchases Beverly portfolio for $9.2m
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
Quick Hits
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.