News: Brokerage

Lewis of Vidal/Wettenstein brokers $2.7 million sale at 60 Charles Street

Robert Lewis, partner at Vidal/Wettenstein, LLC, completed the sale of a well-known restaurant site located at 60 Charles St. This 5,728 s/f building on .55 acre was the home of the Arrow Restaurant, then Jasmine Restaurant, and most recently the Blu Parrot. Lewis was the sole broker involved in this $2.7 million transaction between Liu and Chu, Inc., seller and Summit Development, LLC, the buyer. Legal counsel for the Liu family who owned and operated the Jasmine Restaurant at this site for 15 years, was provided by Charles Johnson of Westport-based Ottomano & Johnson Law firm. The new owners are entertaining interest from several prospective tenants.
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.