News:
Brokerage
Posted: November 24, 2017
Vinci of Pearce Commercial Real Estate brokers two transactions for $3.25 million
Pearce Real Estate
Marlborough, CT According to Barbara Pearce, CEO and president of Pearce Real Estate, Virginia Vinci, senior commercial associate at the company’s Rocky Hill Commercial Office, has represented two separate deals at 8 Independence Dr.
First, units A and C with 4,288 s/f and 960 s/f respectively, were sold for $275,000 to SG Mustang, LLC represented by Joe Scutnik of Gateway Associates, with the seller NRBZ, LLC represented by Vinci. The buyer is planning a total renovation that will be the new home of Marlborough Country Bakery, a long time Marlborough business relocating from another site.
Also, at 8 Independence Dr., unit D with 905 s/f sold for $50,000. The seller was NRBZ, LLC represented by Vinci. The buyer, Ashley Meyer, was represented by Andrea Murray of Keller Williams Greater Hartford. The buyer is planning on opening a hair salon at the location.
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.
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
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.