Shea Commercial Props. and Prudential Verani Realty broker sale
KEP Realty Trust purchased 64 Crystal Ave. The building is leased to long-term tenant Small World Wireless - AT&T Authorized Retail store. Thomas Duffy of Prudential Verani Realty represented the seller Brian Magoon. Harry Shea of Shea Commercial Properties represented the buyer.
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.