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Brokerage
Posted: May 21, 2008
Turley of Cronheim Mortgage arranges $8 million financing
David Turley of Cronheim Mortgage has arranged financing of $8 million for Village at Countryside. The 60% leveraged financing carries a 10-year term with a 20-year amortization schedule.
Village at Countryside is a 104,011 s/f shopping center anchored by a Macy's Furniture store located on US Rte. 19 at Enterprise Rd. The property is comprised of six adjoining buildings and is occupied by 15 tenants, which include several regional and national retailers.Â
Prior to the financing, the property underwent a renovation. The center received a new façade, new signage, and repaved parking lot.
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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.
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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.
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