News: Brokerage

McKinnon of Grossman Companies leases 3,600 s/f at 870 Commonwealth Avenue

Elements Therapeutic Massage has signed a lease for 3,600 s/f at 870 Commonwealth Ave. on the Brookline/Boston line. Richard McKinnon, director of brokerage services at The Grossman Companies, represented the landlord, 860/870-872 Commonwealth Ave Trust. Representing the tenant was Hank Blake, principal at Blake Commercial Property Group, LLC. McKinnon said the Elements franchisee chose the location for its strong demographics, excellent visibility, heavy vehicle and pedestrian traffic, access to the MBTA Green Line, and proximity to Boston University. Nearby neighbors include the B. U. Residence Towers, John Hancock Student Village, and the Harry Agganis Sports Arena and Entertainment Complex. Other tenants in the building include 7-Eleven, East Coast Alpine, Audio Concepts and Fenway Printing. The site was known for decades as home to The Ski Market.
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.