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.
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.
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.
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.