Simon Property Group Inc. has promoted Justin Feldhouse to position of mall manager of Mall at Chestnut Hill.
In his role as mall manager, Feldhouse will manage day-to-day operations at Mall at Chestnut Hill, create and implement annual operating budgets, and manage maintenance, housekeeping, security, marketing, guest services and leasing of the properties. Feldhouse has been employed with Simon Property Group for 12 years and has held several management positions.
"We selected Justin to fill this integral and demanding position due to his proven management skills and experience, and also because of the enthusiasm he brings to his job each day," said Brian Jenkins, regional vice president for the New England region of Simon Property Group.
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.
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.
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.