News: Brokerage

Reese Commercial Real Estate Services leases up Cold Spring Plaza

Reese Commercial Real Estate Services has leased to Bella Nail & Spa LLC, the remaining space at 945 Cromwell Ave. Known as Cold Spring Plaza, this 35,000 s/f retail plaza was constructed in the late 1970s by Cold Spring Plaza LLC. Dale Reese, managing principal of Reese Commercial represented Cold Spring Plaza LLC, the owner. "Our ownership group is extremely excited to announce that the plaza is now 100% leased for the first time prior to the 2008 financial downturn. When Reese Commercial was engaged, the plaza was 20% vacant and through Dale Reese's diligent leasing efforts we have achieved full occupancy and a stronger tenant mix," said Christine Connolly, manager Cold Spring Plaza LLC.
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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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.