Raymour & Flanigan opened its newest store recently at 1360 South Washington St. which is the 94th location for the furniture store.
The property located just off Rte. 1 was formerly a Circuit City store. It is located in the same plaza as Lowe's Home Improvement and Dick's Sporting Goods.
The new location features a33,000 s/f showroom and employs 23 full time and part time workers. This is the fourth location in Massachusetts for the company.
Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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.
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.