News: Brokerage

Paramount Partners to bring Buffalo Wild Wings to The Pavilion

According to Paramount Partners, Buffalo Wild Wings has signed a lease at The Pavilion. Buffalo Wild Wings is joining Hair Cuttery, Weight Watchers and Capriotti's. Three other new tenants will be announced soon. Situated across from the 380,000 s/f Mansfield Crossing lifestyle center and adjacent to the 24,000 s/f Mansfield Marketplace, tenants in this new center will benefit from the existing large base of regional and local customers. Adjacent retailers include LL Bean, American Eagle, Ann Taylor Loft, Chico's Coldwater Creek, Jos A Bank Clothiers, Best Buy, Kohl's, Justice, Sports Authority, Michael's, Petco, Bertucci's, Cosi, Friday's, Coldstone Creamery and many others. Exclusive marketing agent Deborah Meyers, principal of Paramount Partners, has been very pleased with the leasing activity. "Both Mansfield Crossing and Mansfield Marketplace are virtually full and the retailers are experiencing strong sales volumes. The Pavilion offers the benefit of superior visibility and access with is location directly on School St." Construction has begun and delivery is expected to begin late summer.
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.