News: Brokerage

Sullivan Construction completes renovation to 197-unit hotel

Sullivan Construction Inc. provided construction management services for a complete interior and exterior hotel renovation to the Holiday Inn Select, transforming the property to the Crowne Plaza Boston Woburn. They renovated 197 guest rooms and common areas together with a complete façade replacement, extensive demolition and asbestos abatement. The project included all architectural renovations, mechanical and electrical work. The hotel was occupied during the two phases of construction. Delivery and storage of materials of all trades were scheduled, so as not to interfere with the use of the occupied space by the owner and dust controls and noise constraints were crucial.
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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
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.
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.