News:
Brokerage
Posted: March 22, 2022
Breslin Realty sign F45 Training to lease
Bohemia, NY Breslin Realty has signed F45 Training to a long-term lease at 5191 Sunrise Hwy.
F45 Training will be occupying 3,100 s/f in the Sayville Plaza shopping center on Sunrise Hwy. (NY-27).
F45 is a worldwide fitness studio that, according to its website, is focused on “functional training, a mix of circuit and HIIT style workouts geared towards everyday movement”. It is currently one of the fastest growing fitness franchises globally, with over 1,750 studios in 45 countries.
The transaction was arranged and negotiated for the landlord by Robert Delavale of the Breslin organization.
Additional Sayville Plaza retail includes Northwell Health, Bed Bath & Beyond, Old Navy, Panera Bread, Jennifer Furniture, The Vitamin Shoppe, Chipotle Mexican Grill, and Sprint.
Tags:
Brokerage
MORE FROM Brokerage
AmTrustRE completes $211m acquisition of 250 Madison Ave.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
.jpg)
.gif)
Columns and Thought Leadership
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.
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
.gif)