Cooper Horowitz arranges financing for two retail centers
Cooper-Horowitz, Inc. recently arranged financing on the following properties:
*Hanover Supermarket: 6 Hampton Dr., Londonderry: A 57,000 s/f shopping center. The loan was for $3.5 million. Robert Vegh represented the firm.
* 30 South Main St., Port Chester, N.Y.: retail center. The loan was for $3.1 million. Jeffrey Horowitz and Richard Horowitz represented the firm.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
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.