According to CBL & Associates Properties, Inc., Hobby Lobby recently opened at Alamance Crossing, an open-air shopping, dining and entertainment center. Other new stores recently opened or coming soon to Alamance Crossing include American Eagle, Brixx Pizza, Lifeway Christian, Mattress Firm, Verizon Wireless, Diva Spa Nails, Bank of America and Wachovia.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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.
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.