News: Brokerage

WS Development leases 3,100 s/f to lululemon athletica: At the Chestnut Hill Shopping Center

According to WS Development, lululemon athletica has signed a lease to join the Chestnut Hill Shopping Center. "We have done a lot of business with lululemon, and they are one of this country's greatest retailers," said Brian Sciera, VP of WS Development. "We are excited to add them to a premiere corner of one of our flagship properties, in the heart of the affluent Chestnut Hill Market." The 3,100 s/f lululemon joins other new signings at the 406,000 s/f center, including Pottery Barn, The Sports Club/LA, Cinema de Lux, Polarn O. Pyret, Shake Shack, Pinkberry, Treat Cupcake Bar, and gourmet Asian restaurant Bernard's.
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Horvath & Tremblay sells three retail properties in New England For $11,288,032

North Reading, MA Horvath & Tremblay has completed the sale of three retail properties in New England for a total of $11,288,032. Bob Horvath, Todd Tremblay, Jack Laurendeau and Ryan O’Rourke of Horvath & Tremblay have completed the sale of a Walgreens in North Reading.
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Columns and Thought Leadership
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.
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.