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Brokerage
Posted: August 20, 2008
NorthMarq arranges $2.65m for 2 props.
Craig Bjornsund, senior vice president and managing director of NorthMarq Capital, arranged first mortgage financing in the amount of $2.65 million for Toys-R-Us and Summit Plaza. The property consists of two non-contiguous rectangular parcels improved with a 100% NNN leased 33,000 rentable s/f, freestanding, 1-story Toys-R-Us with mezzanine level and a 1-story 28,000 rentable s/f strip shopping center (Summit Plaza). Major tenants include Family Dollar, Radio Shack and various local tenants.
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O,R&L Commercial facilitates $3.8m sale of 29,879 s/f mixed-use property
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.
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.
