Urstadt Biddle Properties promotes Rotonde to assistant vice president
Urstadt Biddle Properties Inc has promoted Joanna Rotonde to assistant vice president of the company. Rotonde has been with the company for almost three years and previously was acquisitions manager. In Rotonde's new capacity, she will continue to work on new acquisitions with the company and will also work closely with the company's leasing department. In addition, she will handle restaurant leasing for the company's entire portfolio.
So far this year, the company has acquired New Milford Plaza, a Wal-Mart and Super Stop and Shop anchored shopping center located in New Milford, and Katonah Village Commons, a mixed-use office and retail property located in downtown Katonah, N.Y. In addition, the company has acquired a 10% equity interest in a partnership which owns the Midway Shopping Center; a ShopRite anchored property located in Scarsdale, N.Y. and a 67% equity interest in the Putnam Plaza Shopping center, a Hannaford Brothers anchored shopping center located in Carmel, N.Y.
Little Compton, RI Mott & Chace Sotheby’s International Realty sold 17 Ferolbink Way, for $4.5 million. The sellers were represented by Cherry Arnold, sales associate of Mott & Chace
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.