News: Brokerage

CBRE/Grossman Retail Advisors named agent for Mandarin Oriental

CBRE/Grossman Retail Advisors (CBRE/GRA) has been selected as the exclusive retail leasing agent and retail management firm for the retail space located at the Mandarin Oriental Boston at 776-778 Boylston St. in Boston's Back Bay. The property includes approximately 28,000 s/f of retail space, 50 residences and 35 apartment homes in addition to the Mandarin Oriental Boston, the city's premier luxury hotel featuring 136 luxury guest rooms, 12 suites and Boston's only five star spa. The CBRE/GRA team of Jeremy Grossman, senior vice president/principal, and Andrea Matteson, senior associate, will direct leasing and management for the retail portion of the property, which presently offers 2,700 s/f of retail space available (1,100 s/f and 1,675 s/f in two locations) with the potential to accommodate larger retailers in the future.
MORE FROM Brokerage

Goldberg of Spire Investments purchases Beverly portfolio for $9.2m

Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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Columns and Thought Leadership
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.