News: Brokerage

KBE Building Corp. breaks ground for $17 million renovation project

Jordan's Furniture in New Haven will undergo a $17 million renovation led by construction manager KBE Building Corp., which broke ground on May 6. The 193,000 s/f project, designed by architect BL Companies, encompasses the following scope: * Renovation of existing building (two stories and mezzanines) * New entrance feature, signage feature, and canopy * New exterior doors and interior partitions * New single story detached pump house totaling approximately 514 s/f * Roof patching * Exterior site work including demolition of pavement; sidewalks and tree removal; utility coordination; new paving; plantings; concrete and brick paving; storm and sanitary drainage including infiltration system; off-site water line The project is scheduled for completion in late fall.
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.