News:
Brokerage
Posted: November 27, 2007
Stonemar Properties purchases two fully leased shopping centers
Stonemar Properties, a New York-based real estate investment and management company, has purchased two fully leased regional shopping centers for $16 million. The seller is Belz-Burrow Development Group. Financing was provided by Royal Bank of Canada.
The centers comprising 155,000 s/f are Bernard Court, at 1843 East Highland Dr. and Crossroads Shopping Center at 2400 East Highland Dr., Both centers are anchored by major chains and are fully occupied.
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Wilder and J.P. Morgan Asset Management acquire The Marketplace at Huntingdon Valley, launching new retail investment partnership
Huntingdon Valley, PA Wilder, a leading retail real estate development, leasing, and management firm, has completed the acquisition of The Marketplace at Huntingdon Valley, a 257,000 s/f community shopping center in Pennsylvania, through a newly formed investment partnership with investors advised by J.P. Morgan Asset Management.
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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.
