News: Brokerage

Equinox Fitness leases 40,000 s/f in Boston

Equinox Fitness Clubs has leased 40,000 s/f at 225 Franklin St. in Post Office Sq., where it will open its second Boston location. The facility, slated to open in April 2009, will include cardio and strength training areas, fitness studios as well as a pro-shop, cafe/juice bar and full-service spa. David Fitzgerald and Peter Conlin of CB Richard Ellis represented the owner of 225 Franklin St., The Blackstone Group. Peter Belsito of Strategic Retail Advisors and Timothy Lyne of CB Richard Ellis represented Equinox Fitness Clubs.
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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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.