News: Brokerage

Blake and Eberz of CBRE/Buffalo complete transactions for 6 companies

Steve Blake and Lida Eberz of CBRE|Buffalo have completed lease negotiations for a total of six companies, which included Cardinal Health, McKesson Corporation, Cintas Corporation, New Cingular Wireless PCS, Argus Management and Lancaster Recycling. After a regional review, Cardinal Health has renewed their lease of 150,000 s/f at their regional distribution warehouse located in Depew. McKesson Corporation has negotiated a lease extension for their fulfillment center in Cheektowaga. Cintas' Document Shredding Division has signed a lease at 345 Lang Rd. on Grand Island for approximately 14,000 s/f. Blake and Eberz were also involved in the long-term lease renewal of New Cingular Wireless' 23,000 s/f data center in Cheektowaga. Additionally, Argus Management signed a lease for office space located at 135 West Tupper Ave. in the City of Buffalo and Lancaster Recycling has negotiated a 6,000 s/f expansion at 2 Benzel Court in Lancaster.
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Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account