Denenberg Realty Advisors sells retail building in Mattapan for $1.3 million
Neil Denenberg of Denenberg Realty Advisors represented both the buyer and the seller in the $1.3 million sale of a 7,500 s/f fully leased mixed-use retail/office building at 1659-1665 Blue Hill Ave.The following tenants occupied the building: H&R Block, Bank of America and a Physical Therapist Office. The seller was J.H.E. Properties and the buyer was MELJI Properties.
Denenberg said, "We are pleased to have sold this quality inner city property and glad to see properties in all the neighborhoods of Boston increasing in value."
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.
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.