Waterstone Retail Development www.waterstoneretail.com
Waterstone Retail Development is a national real estate development, acquisition, and management company specializing in the creation and repositioning of shopping centers throughout the United States. While 'local' in service, we're 'national' in scope. Based in New England, Waterstone focuses on grocery-anchored power and non-traditional specialty centers located in the Northeast, Florida, Carolinas, New Jersey, Tennessee, Alabama, and other attractive markets throughout America.
Our strategy includes ground-up new development, acquiring stabilized assets, and purchasing retail centers in need of repositioning/redevelopment. We 'build to own' and have a long-term-hold strategy with each shopping center in our portfolio.
The principals of Waterstone - Neal Shalom and Josh Levy - represent over 50 years of experience and over 40 million s/f of real estate ownership nationwide.
Beverly, MA Jay Goldberg, president and owner of Spire Investments has completed the purchase of four multifamily buildings. The 33-unit purchase amounted to a sale price of $9.2 million or $278,788 per unit. The properties are all located in downtown and consist of one- and two-bedroom units.
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.