News: Brokerage

Brooklyn Board of Realtors and NYSCAR Metro LI team up

Noting a lack of commercial education opportunities in the borough, NYSCAR Metro LI offered to become the "commercial arm" of the Brooklyn Board of Realtors. John Reinhart, president of the Brooklyn Board saw the value in teaming up with NYSCAR. A meeting of interested Brooklyn Board members was organized by NYSCAR treasurer Alan Hendrickson (past-president of NYSCAR) and NYSCAR director Jeff Ferretti (who is also a past-president of the Brooklyn Board of Realtors). The NYSCAR Metro LI chapter held its first commercial training session for the Brooklyn Board of Realtors on May 11. The training session was attended by 65 realtors which packed the room. Ed Smith, CREI, ITI, CIC, GREEN, RECS gave a seminar on: "Introduction to Commercial Investment." Harvey Kolin, president of the NYSCAR Metro - LI chapter spoke on Features and Benefits of joining NYSCAR. He stressed that NYSCAR membership can be considered as a credential for commercial real estate. Kolin also spoke of the legislative awareness that NYSCAR does both in supporting positive legislature for commercial realtors and opposing bills that might hurt the commercial realtor. The program was well received and another seminar is being planned.
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SABRE coordinates sale of six properties totaling 199,845 s/f

Huntington, NY SABRE Real Estate Advisors has completed the sale of six commercial properties across Long Island and Northern New Jersey, further underscoring the firm’s strength as a trusted partner in complex real estate transactions. The deals were led by executive vice presidents Jimmy Aug and Stu Fagen, whose combined expertise continues to drive exceptional results for clients across the region.
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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