News:
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.
MORE FROM Brokerage
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.
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.