News: Brokerage

TRB & Associates brokers two sales for $8.244 million

TRB & Associates has brokered the sale of 4 retail buildings totaling 93,872 s/f of space situated upon 6.86 acres on Cambridge St. (Rte. 3A) for $6.9 million. The larger retail buildings at the site were formerly occupied and home to Building 19 - known for its "good stuff cheap" established in Massachusetts in the 1960s until last year. "It is not often and actually quite rare to find and acquire such a tremendous piece of commercial real estate at a prime location in Burlington, Mass.," said Thomas Blakely, president. "Duffy Properties has been putting our name on commercial and residential properties since the 1960s. We have worked with many professional real estate firms and brokers over the years. Duffy Properties values what TRB & Associates consistently brings to the table and we look forward to working with them again on more transactions in the future," said Steven Duffy, principal. In another transaction, TRB & Assoc. has brokered the sale of a freestanding restaurant/club building totaling 5,364 s/f of retail space situated upon 1.03 acres located at 145 Main St. in Kingston, Mass. for $1.344 million. Payal 145, LLC acquired the property from WW 145 Main Street, LLC. "It was a pleasure to assist both parties in a mutually-beneficial outcome," said Blakely. Blakely procured the buyer and was the sole broker in both transactions.
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
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

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