News: Brokerage

Hampshire Cos. acquires Town Square Shopping Center - Mount Laurel, N.J.

The Hampshire Cos. has acquired Town Square Shopping Center, a 91,758 s/f retail center located at 872 Union Mill Rd., from Town Square, LLC. Situated on 13 acres on the corner of Union Mill Rd. and Elbo Ln., Town Square Shopping Center has an 88% occupancy and is anchored by a ShopRite Supermarket, which occupies 64,255 s/f. Brad Nathanson of Marcus & Millichap represented both Hampshire and the seller. "This is a classic neighborhood shopping center surrounded by a growing residential housing base and anchored by ShopRite, the dominant grocer in the Central N.J. marketplace," said Rob Schmitt, a principal of Hampshire. "Due to its infill location and diverse tenant mix, the center is well-positioned to meet the retail and service needs of the Mount Laurel Community, both now and into the future. Its long term stability makes the property a nice fit for the Hampshire portfolio." "Given the retail center's strong demographics and tenant base, this was an ideal investment for us," said Ray Ayers, an Investment Manager for The Hampshire Companies. "The property's premier location in a high traffic area, coupled with its high occupancy rate, makes this a strong addition to our retail portfolio."
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,