News: Brokerage

WS Development opens three stores at MarketStreet Lynnfield

According to WS Development, MarketStreet Lynnfield named three new store openings, the first of many this year, all of which are a part of the outdoor shopping center's second phase of development. New openings include Tuck's Candy Factory, Hanna Anderssonand Gap. MarketStreet Lynnfield is one of the leading North Shore shopping and entertainment destinations, and currently has a total of 60 shops and restaurants. "We have had an incredible response from the community since we opened nearly 20 months ago," said Nanci Horn, general manager of MarketStreet Lynnfield. "2015 promises to bring even more unique boutiques, national brands and restaurants to MarketStreet Lynnfield." The 2015 shopping experience at MarketStreet Lynnfield will be enhanced with the upcoming additions of such locally and nationally loved brands as Gaslight, Wahlburgers, Sweetgreen, Charming Charlie, Tobey Grey, Pia, Muse Paint Bar, Lucky Brand, Pottery Barn Kids, Banana Republic, NIKE, Eddie Bauer and Claire's.
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Kelleher & Pentore of Horvath & Tremblay sell two multi-family property for $13.7 million

Melrose, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have facilitated the sale of 47 units spread across two multi-family properties in totaling $13.7 million. Kelleher and Pentore facilitated the sale of 333 Main St. and 447 Pleasant St.
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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.