News:
Brokerage
Posted: June 24, 2016
DesRochers of NorthMarq Capital secures $11 million refinance
Ernest DesRochers, NorthMarq Capital, Inc.
Turnpike Shopping Center - Fairfield, CT
Fairfield, CT Ernest DesRochers, senior vice president/managing director of NorthMarq Capital’s New York metro-based regional office, secured the $11 million refinance of Turnpike Shopping Center, a 110,000 s/f retail property located at 1955-2009 Black Rock Tpke. The transaction was structured with a 10-year term with 5-year interest only followed by a 30-year amortization schedule. NorthMarq arranged financing for the borrower through its correspondent relationship with a life insurance company. Shop Rite Supermarket, Eastern Mountain Sports and Party City represent the property’s major tenants.
MORE FROM Brokerage
Kelleher and Pentore of Horvath & Tremblay handle $3.3m sale of Jason Arms, a 12 unit multi-family property
Arlington, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have completed the sale of Jason Arms, a 12 unit multi-family property. Horvath & Tremblay exclusively represented the seller and sourced the buyer in the transaction. The asset sold for $3.3 million.
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.
August Promotion
