News: Brokerage

Kenney of ARC Realty Advisors signs two tenants at Shaw's Plaza

According to Ray Kenney of ARC Realty Advisors, two new tenants have signed leases and opened stores at Shaw's Plaza owned by Northstar Centers, LLC. Petco, represented by Atlantic Retail Properties, has leased 13,500 s/f and Twice the Fun, and indoor children's play center, has leased 5,000 s/f. Kenney said, "Northstar recognized the need to add these quality retailers to their center." Other tenants in the center includes Shaw's Supermarket, Bed Bath & Beyond, Rocky's Ace Hardware, Rite Aid, Olympia Sports, Panera Bread, and others. ARC Realty Advisors, LLC is a retail leasing firm based in Boston, Mass. specializing in landlord representation.
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
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.