Hobbs Brook completes 30,000 s/f renovation and expansion at Four Points
Four Points by Sheraton Norwood, has completed renovations and expansions to its hotel and conference center.
The renovation, which began in 2004, consisted of overhauling 30,000 s/f of meeting space and common areas and outfitting them with new communications equipment. The existing 119 guest rooms, hallways, and entrances have been upgraded to meet with the new design standards set by the brand. An additional wing consisting of 111 new guestrooms were also added as part of the expansion project.
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.