News: Brokerage

Linear Retail Properties leases 2,500 s/f to Century Bank

According to Linear Retail Properties, LLC, Century Bank is now open at Linear's fully renovated West Marine Plaza located at 299 Mishawum Rd. across from the Woburn Mall. The 2,500 s/f Century Bank branch provides customers with facilities featuring a large lobby, an easy access 24-hour ATM and drive-up "live teller" kiosk - providing Century Bank customers with extended hours of service with live video feed of a skilled representative. The plaza's renovation included a new façade, landscaping, signage and Century's remote drive-through. In addition, Linear reduced the size of existing tenant Sleepy's, and added Noodles & Co. and Century Bank. Noodles & Co. is slated to open the first quarter of 2015. "This is our 26th branch, clearly demonstrating our commitment to the local community and to developing our retail and commercial banking business relationships in Massachusetts. We look forward to welcoming new customers to our modern, high-tech branch with our fully trained staff ready to meet the needs of each customer," said Barry Sloane, president and CEO of Century Bank. Bryan Furze, VP of leasing and asset management of Linear Retail said, "Century Bank is a welcome addition to the Woburn community and the Linear Retail portfolio. We enjoy working with local companies, and are proud to grow with the Medford-based company."
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.
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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.