Rostoff joins Linear Retail as vice president of acquisitions
According to Linear Retail Properties, LLC, Rick Rostoff has joined the firm as vice president of acquisitions. Rostoff will be responsible for sourcing and closing retail acquisitions in eastern Mass., southern N.H., Rhode Island and southern Maine.
Aubrey Cannuscio, partner and head of acquisitions of Linear Retail said, "We are excited to have Rick join our growing team. Rick has a proven track record for closing deals and we expect him to contribute greatly to growing Linear's portfolio."
Prior to joining Linear Retail, Rostoff founded and operated Spectra Realty Associates.
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.