News: Brokerage

Burdett of Flaum Management negotiates 2 leases totaling 10,644 s/f

Flaum Management Company, Inc., a full-service real estate company, has negotiated a new 5,844 s/f lease at Maplewood Plaza in Rochester and a new 4,800 s/f lease at Delaware Consumer Square in Buffalo. Scott Burdett, director of marketing/brokerage services for Flaum Management Company, Inc. negotiated both deals on behalf of his client Rainbow Apparel. The Rochester store will be the 5th new location in the Rochester market in the last 3 years. Located at the corner of Lake and Driving Park Aves., Maplewood Plaza is a 26,000 s/f neighborhood strip center with national retailers Rent-A-Center and Dollar General. Rainbow is taking a freestanding building formerly occupied by Hollywood Video. L.L.D. Enterprises owns the center and was represented in-house by David & Wendy Dworkin. The Buffalo store will be the 1st new location for Rainbow Apparel in recent years. Located at the corner of Delaware and Hinman Ave., Delaware Consumer Square is a 239,000 s/f regional shopping center anchored by Target, A.J. Wright and OfficeMax. Rainbow is taking an outparcel space fronting Hinman Avenue formerly occupied by Avenue. The center is owned by Developers Diversified Realty and was represented in-house by Jason Chwojdak.
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Columns and Thought Leadership
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
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.