News:
Brokerage
Posted: December 22, 2009
Washington Trust provides $7.5m financing for Needham Street Associates
Washington Trust's commercial real estate group recently provided $7.5 million in financing to Needham Street Associates, LLC of Newton for the purpose of refinancing its property, consisting of two buildings totaling 62,589 s/f. The property is located at 241-281 Needham St., and is comprised of a retail center anchored by Marshalls and an office building. The financing was arranged through Colliers Meredith & Grew.
Needham Street Associates, LLC, is sponsored by Northland Investment Corp., a Newton-based real estate company that focuses on the acquisition, development, operation and long term ownership of commercial real estate throughout the U.S.
MORE FROM Brokerage
Horvath & Tremblay sells three retail properties in New England For $11,288,032
North Reading, MA Horvath & Tremblay has completed the sale of three retail properties in New England for a total of $11,288,032. Bob Horvath, Todd Tremblay, Jack Laurendeau and Ryan O’Rourke of Horvath & Tremblay have completed the sale of a Walgreens in North Reading.
Columns and Thought Leadership
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.
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.
