News: Brokerage

Kenney of ARC Realty leases for Northstar at Parkman Brook S.C.

Several new leases have recently been signed at Parkman Brook Shopping Center, according to Ray Kenney of ARC Realty Advisors. Bootlegger's (6,000 s/f), Planet Fitness (20,000 s/f) and Pet Life (7,500 s/f) have now opened. "Northstar completely transformed this center by renovating with a clean, modern look which attracted several strong regional operators," said Kenney. The center is located on Portsmouth Ave. (Rte. 108) directly across the street from Shaw's Supermarket and other regional retailers. ARC Realty Advisors, LLC is a retail leasing firm based in Boston, Mass. specializing in landlord representation. Northstar Centers owns regional shopping centers throughout New England and its principal is Frederic Leopold.
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.