News: Brokerage

CBRE-Buffalo receives two awards at NYSCAR dinner

CB Richard Ellis - Buffalo received two awards at the Seventh Annual WNY chapter of the New York State Commercial Association of Realtors (NYSCAR). Shana Stegner and Jeffrey LiPuma received the 2007 Largest Lease Transaction Award. The team was the exclusive tenant representative for Tower Group, Inc.'s relocation and expansion to Ciminelli Development's 600 Essjay Rd. Tower Group occupies the 19,000 s/f stand-alone class A office building in Centerpointe Corporate Park. Michael Clark, in conjunction with CBRE-Rochester's Andrew Dollinger, received 1st runner up for Largest Sale Transaction. The team represented Wegmans in a 209,199 s/f investment sale located at 2001 Walden Ave. in Cheektowaga. This is the third year in a row that CBRE-Buffalo has been recognized by NYSCAR. Previously, at NYSCAR's 2006 Awards Dinner, CBRE-Buffalo received Largest Sale Transaction Award for Home Properties portfolio sale and 1st Runner up for Largest Lease Transaction for tenant representation of AG Edwards. In 2005, CBRE-Buffalo was the recipient of the Largest Lease Transaction Award for BlueCross BlueShield's 450,000 s/f headquarters building downtown and 1st runner up for Largest Sale Transaction for 2777 Walden Ave.
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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.
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
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.