News:
Brokerage
Posted: May 12, 2026
Spire Investments purchases Salem apartment building for $3.26 million
Salem, MA Spire Investments has completed the purchase of a 12-unit brick building for $3.26 million. The property consists of a three-story brick apartment building which sits adjacent to Shetland Park. The unit mix comprises two- and three-bedroom units, each around 1,000 s/f. The property was marketed by Brian DApice of the Mega Group with an initial asking price of $3.4 million.
Jay Goldberg, president and owner of Spire Investments said, “We immediately submitted a compelling offer the first day this property hit the market. And now with active management, this property will turn around very quickly, as it offers a lot of attractive components.”
Prior to closing, the seller remodeled all the exterior fire escapes, upgraded the fire alarm and sprinkler system, and provided a credit to install a new roof post-closing.
Francesca Little of Little & CO represented Spire Investments on the buy side, and Institution for Savings provided financing.
Tags:
Brokerage
Massachusetts
MORE FROM Brokerage
Chozick Realty completes $42 million sale of 189-unit Avon Woods Apartments
Avon, CT Chozick Realty - CRXE Group have completed the $42 million sale of Avon Woods Apartments, a 189-unit apartment community. Located on 47 acres, Avon Woods is a desirable apartment complex in the greater Hartford region. Residents have a combination of privacy with grounds, woodlands, walking trails and frontage on the Farmington River as well as being well located at the junction of Rtes. 10 and 44 with access to all of the town and the surrounding communities throughout the Farmington Valley, West Hartford and Hartford.
Columns and Thought Leadership
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
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.
