The Wm. M. Hotchkiss Co. awarded management of South Road Plaza
The Wm. M. Hotchkiss Company, a full service real estate company, has been selected to manage and broker 138 South Rd.
This retail strip center sits on 6.86 acres and is partially leased. It is ideal for medical, retail, and possible redevelopment and is conveniently located in proximity to I-91. South Road Plaza, an investment property, adds to the commercial portfolio of The Wm. M. Hotchkiss Co.
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.
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.
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.