News:
Brokerage
Posted: June 27, 2013
Washington Trust provides $4 million in financing for 92,592 s/f
Washington Trust's commercial real estate group provided $4 million in refinancing for 327 Main Ave., a 92,592 s/f mixed-use property. The property currently has eight tenants and is anchored by a CVS Pharmacy.
"The property was totally renovated in 2002 and has a healthy mix of tenants. It is conveniently located along Rte. 7 and is surrounded by other retail, office and residential properties," said Joseph MarcAurele, Washington Trust chairman, president and CEO.
Washington Trust's commercial real estate group provides mortgages for the construction, refinancing or purchasing of investment real estate projects.
MORE FROM Brokerage
Sullivan & Sullivan brings 14 Class A office condos to auction
Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.
Quick Hits
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.
September Promotion
