News: Brokerage

Shawmut Design and Construction renovates Fresh Pond Mall

Shawmut Design and Construction, an $860 million national construction management firm, recently completed the renovation of the Fresh Pond Mall façade. Located at 186 Alewife Brook Parkway, the three-story strip mall, which houses eight retail stores and office space, remained fully operational throughout construction. "This renovation not only upgraded the façade, but created new office space for local businesses," said Nigoghos Atinizian, president of Vast Capital Management. "We reinvested in this mall to continue to improve the customer experience and create more opportunities for the community with available office space." The Shawmut team completely replaced the mall's façade. To keep customers safe, they built full safety barricades around the perimeter. The team worked with designer NORR to modernize the façade, working on a highly accelerated schedule with a non-negotiable deadline.
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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.
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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.