News: Brokerage

Surprenant and Feiner of MG Commercial sell 30,000 s/f for $3.84 million

Gerry Surprenant and Dan Feiner of MG Commercial have sold 2-20 Commerce Way. The property consists of a 30,000 s/f retail center and a 2,100 s/f free-standing Starbucks Coffee and Bakery. The retail center contains 13 tenant units, with Aspen Dental, Pearl Vision, Red Wing Shoe and H&R Block as tenants. The property is located on Seekonk's "golden mile," across from Seekonk Square, the home of Best Buy, Kohl's and Target. The buyer was 20 Commerce, LLC, who was represented by the Discovery Group, Inc. MG Commercial represented the seller and the sale price was $3.84 million.
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.
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Columns and Thought Leadership
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.
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.