RHYS Commercial recently leased 5,000 s/f at 289 Greenwich Ave. to Hermès of Paris, Inc. Dominick Musilli, executive vice president and principal, and Cory Gubner, president and CEO, were the sole brokers in the transaction. Hermès signed a long-term lease with Willett Cos., the landlord.
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.
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.