Washington Trust provides $3.5 million construction loan to Highland Plaza LLC

Washington Trust's Commercial Real Estate Group recently provided $3.5 million in construction financing to Highland Plaza, LLC for property located at 438 North Franklin St. (Rte. 37) for the renovation of an existing 45,000 s/f shopping center. The renovation will include the relocation of the existing Family Dollar store, as well as construction of a standalone CVS Pharmacy, landscaping, and other aesthetic improvements to the plaza. "Highland Plaza, LLC's renovation plans for this property make it an ideal location for a major retailer like CVS," said Joseph MarcAurele, Washington Trust president, chairman and chief executive officer, "The exterior renovations make it a much more pleasing space for the existing tenants."

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Prescott IOS secures lease of 151 Rivermoor St. for Eastern Bus Co. at 151 Rivermoor St. in West Roxybury

West Roxbury, MA Prescott IOS has arranged an industrial outdoor storage lease for Eastern Bus Company at 151 Rivermoor St. David Skinner and Devon Wagner of Prescott IOS represented the tenant, while Caroline Munn nd Rob Byrne of CBRE represented the landlord, Feeney Brothers Real Estate. The 40,000 front foot site gives the bus operator secured yard space close to the routes it serves across Boston and the inner suburbs.

Northshore Phoenix High School moves to 10,744 s/f at Cummings Center

Northshore Phoenix High School moves to Cummings Center

Combined Properties leases 18,581 s/f in Centennial Park to HTS Engineering

Combined leases 18,581 s/f to HTS Engineering

Summit brokers freestanding Taco Bell entry into Cape Cod market

NAI Glickman Kovago & Jacobs brokers acquisition of Quarry Square

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Breakthrough Properties completes sale of 232 A St. development site to P&G Gillette

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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.