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.
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.
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.