News: Brokerage

WP Realty breaks ground on The Shops at Devon

WP Realty, Inc. has recently broken ground on The Shops at Devon located on Lancaster Ave. The Shops at Devon is Phase II of Devon Village, the neighboring 80,000 s/f mixed-use development which is anchored by Whole Foods. The Shops at Devon will consist of two buildings. Building #1 will be 3,300 s/f and is well suited for a restaurant. Building #2 will be 12,800 s/f and is designed for retail. The new project is interconnected to Devon Village and Whole Foods, and has access to a signalized intersection on Lancaster Ave. Devon is located west of Philadelphia. The property is on Lancaster Ave. (Rte. 30), a east-west thoroughfare that extends from Philadelphia in the east to Lancaster in the west. The project architect is Ignarri Lummis and the site contractor is Brubacher Excavating. WP Realty, Inc. specializes in the acquisition, development, leasing and management of grocery-anchored centers located in the Northeastern and Mid Atlantic U.S.
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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.
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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

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

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.