News:
Brokerage
Posted: June 26, 2020
KeyPoint Partners handles 60,098 s/f lease for Apple Cinemas
Hartford, CT KeyPoint Partners has negotiated a lease on behalf of Apple Cinemas. Vice president of leasing Don Mace negotiated the lease with the landlord. Apple Cinemas will lease a 60,098 s/f space on New Park Ave., off of Rte. 84, the site of a former Bowtie Cinema. A July opening is planned.
Apple Cinemas operates four Connecticut locations – Waterbury, Barkhamsted, Simsbury, and Torrington – and one in Cambridge, Mass., with another opening soon in Mansfield, Mass..
Apple Cinemas, headquartered in Walpole, Mass., provides a wide range of family-oriented entertainment services. All Apple Cinemas feature luxury stadium recliner seats, modern lobbies, and new equipment.
For information, visit applecinemas.com. Apple Cinemas is actively seeking sites across the United States. Preferred locations are 45,000 square feet with a minimum clear height of 22 feet.
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.
Quick Hits
Columns and Thought Leadership
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
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.