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Brokerage
Posted: October 26, 2018
Summit Realty Partners leases 3,259 s/f in Wayland
Wayland, MA According to Summit Realty Partners, Inc. Giacomo’s Ristorante, has signed a lease to open a new restaurant at Wayland Town Center.
Giacomo’s, a well-known eatery with locations in Boston’s North End, South End and Melrose, is opening its fourth location at Wayland Town Center.
Giacomo’s has leased the 3,259 s/f former Bertucci’s Restaurant space, located at 14 Elissa Ave. This restaurant is estimated to open before the end of the year. Giacomo’s in Wayland will be the first Giacomo’s to offer pizza and will feature a full-service bar serving cocktails, beer and wine.
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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.
Quick Hits
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
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
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.