News: Brokerage

Proficient Builders to convert 28,000 s/f in Westborough

Hughes Entertainment, Inc. contracted Proficient Builders to convert a 28,000 s/f retail space into the company's 3rd LaserCraze location in Massachusetts (N. Andover, Woburn). The project included a 9,400 s/f Laser Tag Arena (4,000 s/f of which is a new mezzanine) for laser tag which is a fast-paced high-tech game that combines the games of hide and seek, tag and capture the flag, incorporating interactive computer and laser technology. There is an 3,800 s/f Adrenaline Zone, which is filled with the most enormous inflatable play structures ever created. A 3,800 s/f Arcade/Game Zone has video, sport and win-ticket-for-prizes games. The center also included a café area; lounge area and vesting/briefing rooms, all new mechanical, new roof top units; plumbing (all new bathrooms); new front entrance, service/kitchen area, offices and sales area. "It was a pleasure to work with Jim Taylor and his team on our third LaserCraze location...it's a great thing to have total trust and confidence in your general contractor when undertaking this kind of project," said Greg Hughes, president of Hughes Entertainment, Inc.
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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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.