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Brokerage
Posted: May 10, 2010
Block and Siegel of CB Richard Ellis represent owner in 69,882 s/f lease to Priceline.com
Priceline.com Inc. has committed to a 69,882 s/f headquarters lease at River Park, a 412,000 s/f property located at 800 Connecticut Ave. David Block and Michael Siegel of CB Richard Ellis' Stamford office negotiated the long-term lease transaction on behalf of the building ownership, Carter & Associates A/A/F River Park Property Ownership LLC. Priceline.com was represented by Paul Kauffman of Cushman & Wakefield in the lease negotiations.
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Quick Hits
Columns and Thought Leadership
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 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.
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
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.
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