John Whalen, a prominent commercial real estate executive in the area, has formed his own company. Phoenix Commercial Realty will concentrate on commercial properties in Mass. and R.I., with an emphasis on shopping center leasing and sales.
Whalen has over 20 years' experience in the leasing and sale of commercial properties at several industry leaders in Mass. As vice president at Tedeschi Realty Corp. of Rockland, Mass., he was responsible for the leasing and management of a portfolio of 30 shopping centers in southern N.E.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.