Name: John Bessey
Title: Vice President, Acquisitions & Dispositions
Company: Phillips Edison Company
Location: 11501 Northlake Dr., Cincinnati, OH 45249
Birthplace: Milwaukee, Wis.
Family: Married, two boys
College: University of Wisconsin - Stout
First job outside of real estate: Sales manager, Hyatt Hotels
First job in real estate or allied field: Leasing agent for Tipton Associates
What do you do now and what are you planning for the future: Vice president of acquisitions and dispositions for Phillips Edison Co. Plan on acquiring between 20-25 centers nationally over the next 12 months in large growth markets focusing on grocery anchored shopping centers.
Hobbies: Water and snow skiing, golf
Favorite book: "Mastering the Rockefeller Habits"
Favorite movie: "Animal House"
Keys to success: Consistent effort over extended period of time consistently.
If you had to choose a different profession, what would it be? Serial job hopper
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.