In the fall, Bank Rhode Island held the grand opening of its 499 Smithfield Ave. branch which was designed by Vision 3 Architects. The 3,230 s/f facility is the bank's 16th branch and expands its reach into another area of the state. E.W. Burman, Inc., was the builder.
The free-standing branch provides business-oriented services, retail banking, small business services and investment services.
Franklin, NH Horvath & Tremblay has completed the sale of three retail properties in New Hampshire for a total of $6.285 million. Jake Mabardy, Aaron Huntley and Brad Canova of Horvath & Tremblay have completed the sale of Franklin Shopping Center. Horvath & Tremblay exclusively represented the seller and sourced the buyer to complete the transaction at a sale price of $3.595 million.
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.
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.