News: Retail
Posted: June 23, 2017
Miles of Commercial Realty Advisors brokers $225,000 sale
Dennis Port, MA According to Kevin Pepe, managing director of Commercial Realty Advisors, Ed Miles, vice president of business brokerage sales at Commercial Realty Advisors, Inc. has arranged the $225,000 sale of Rum Runners Bar & Grill at 243 Lower County Rd.
The buyer was Tim Gaudette, of Sunny Boy Inc., along with Chris and Tony Pons. The seller was Les and Wanda Staras. Gaudette has additionally secured the purchase of Schooners Restaurant at 372 Main St. in Hyannis. The sellers were Michael Macheras, of Macheras Main Street Corp.
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Quick Hits
Columns and Thought Leadership
Keeping the “there” there - by Carol Todreas
New zoning is a big topic for many communities. Whether it is to comply with the 2021 MBTA legislation calling for more multi-family housing in locales with access to T stations or to address other pressures from public-private entities, zoning for multi-family housing is believed to be a major part of the solution to the housing crisis.
Village centers and local retail: What the market wants - by Carol Todreas
Good news! Brick and mortar is alive and well. Many malls are coming back. Americans are flocking to Europe to walk, shop, eat, and enjoy much needed vacations. Visitors return and talk about the pleasures of walking and shopping in local shops in cities and towns all over Europe.
Reimagining retail for the downtown - by Carol Todreas
Before COVID-19, downtown retail had been sliding downwards. A few restaurants and stores were hanging on, but the trajectory was headed south. Now with post- COVID-19 lifestyle changes, old-style retail anywhere has lost its market appeal.
Placemaking and retail in 2024 - by Carol Todreas
Placemaking. That is the word for 2024. While the concept has historical precedence in urban development, it became part of our current culture in the 1960’s when urbanists started to think about cities for people, not just cars.