News: Brokerage

Fugitt and Maglione of J.D. Hastings finalizes $2.7m sale of 25,000 s/f center

David Fugitt, SIOR, and Chris Magione, both with John D. Hastings Commercial Real Estate of Westport, sold a 25,000 s/f retail center on two acres to 1148 Williams St. Partnership, LLC. The Property was sold by Strat-fit Realty, LLC. The property is located at 165 Beardsley Ave. at exit 32 of I-95. The center is fully leased with The Edge Fitness as the anchor tenant. Fugitt and Magione were the sole agents involved in this transaction. The price was $2.7 million.
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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
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.
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.