News: Brokerage

CB Richard Ellis/Syracuse handles two leases totaling 107,136 s/f

CB Richard Ellis has brokered two leases at 4472 Steelway Blvd. totaling 107,136 s/f. Mark Rupprecht, CCIM, of CB Richard Ellis/Syracuse, and David Tropp of CB Richard Ellis/Chicago, represented Packaging Corporation of America (PCA) in its lease renewal and expansion of an 82,536 s/f warehouse space at 4472 Steelway Blvd. PCA manufactures container board and corrugated packaging. Bart Feinberg represented the landlord Heritage Management. Also at 4472 Steelway Blvd., Alan Gramet, CCIM, of CB Richard Ellis/Syracuse, and The R.E. Perry Company based in St. Louis, co-brokered the lease of 24,600 s/f to 3PD, a last-mile logistics and delivery provider. Rupprecht and Feinberg represented the landlord Heritage Management.
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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