KeyPoint Partners awarded 16 retail properties by Linear Retail
KeyPoint Partners, LLC has been awarded the property management contract for sixteen Boston retail properties by Linear Retail. The properties, which include four Newbury St. locations, total more than 104,000 s/f.
KeyPoint Partners currently manages 38 retail properties throughout New England for Linear, ranging from small suburban properties to grocery-anchored shopping centers. With the 16 new assignments, KeyPointPartners will manage a total of 54 properties for Linear Retail totaling nearly 1,330,000 s/f.
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.
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.
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.