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Brokerage
Posted: August 22, 2013
The Kane Company sells 3,053 s/f at 121 Congress Street in Portsmouth; Buyers represented by LeClaire of Costantino Real Estate
The former Portsmouth Baking Company, a 3,053 s/f commercial condominium located at 121 Congress St. in downtown, has been sold, according to listing broker Jody Skaff of The Kane Company. The buyers, represented by Michael LeClaire of Costantino Real Estate LLC, plan to utilize the property for an Asian fusion restaurant.
The property, which had been renovated in 2011, generated a great deal of interest during the term of the listing. This was one of the premiere retail properties available for sale in the market. Sellers Harvey Hosack and Ed Connolly have relocated out of the area.
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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
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.
