News: Brokerage

Jones Lang LaSalle leases 4,876 s/f to Chick-Fil-A in Chicopee

Chick-Fil-A opened its first freestanding Mass. location, a project managed by Jones Lang LaSalle's project and development services group. This is the company's first stand-alone restaurant in the state. Additional Chick-Fil-A restaurants exist in food court locations in the North Shore, Burlington and Pheasant Lane Malls. The new 4,876 s/f Chicopee location was constructed on a 57,271 s/f lot at 501 Memorial Dr. JLL is working with Chick-Fil-A on a New England expansion which includes the permitting of 12 restaurants, with 4 more starting construction this spring. The expansion will bring additional Chick-Fil-A locations to Mass., Conn., N.Y., Rhode Island, Vermont and Maine, and is planned to continue through 2020.
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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Columns and Thought Leadership
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.