The Shopping Center Group adds new division - merges with SiteWorks
According to The Shopping Center Group (TSCG), the Annapolis based SiteWorks is a new division of TSCG.
Why is that big news? "This merger not only brings together two of the most dynamic retail real estate service providers in the U.S. but unites two industry leading companies with complimentary skill sets to create a truly full service retail real estate offering," said David Birnbrey, chairman and co-CEO of TSCG.
When asked why the two companies decided to merge, Nick Egelanian, president and founder of SiteWorks, said, "We started as friends, developed a unique and productive business relationship and stand on the precipice of a great new blend of synergistic talents."
Stoneham, MA According to Sullivan & Sullivan Auctioneers, the auction firm will bring a rare, bulk purchase opportunity to investors via an absolute auction of 14 Class A office condominiums off I-93 near Spot Pond. The combined offering totals 21,083 s/f with 14 individual units ranging in size from roughly 4,063 s/f to 485 s/f within two interconnected buildings. The space is approved for medical, professional office, and general office, among other uses.
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.
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.