News: Brokerage

NAI Hunneman completes $6.3 million sale of Wayland Village Plaza

NAI Hunneman has completed the $6.3 million sale of Wayland Village Plaza, located at 297 Boston Post Rd. The NAI Hunneman investment sales team of senior vice presidents Scott Dragos and Doug Jacoby, along with associates Sean Ryan and Mitch Levey, represented the seller, Wayland Group Realty Trust, and procured the buyer, New York-based Katz Properties. Located on Rte. 20, Wayland Village Plaza is a 31,677 s/f retail center anchored by one of Whole Foods Markets' more successful area stores. "Wayland Village Plaza garnered tremendous interest from multiple buyers due to Whole Foods tenancy and its performance at this location. boasting one the highest area store sales per s/f," said Levey. "What also made the asset so appealing was its strategic location in Wayland, proximity to major thoroughfares, strong area demographics and upside leasing potential."
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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.