News: Brokerage

CBRE/Syracuse completes a total of 74,897 s/f in lease for ten properties

According to Michael Finn, managing partner of CBRE/Syracuse, LLC, the office has completed a total of 74,897 s/f in leases for ten properties. Bart Feinberg and Mark Rup-precht, CCIM, of CBRE represented Lambert Material Handling in the lease of 19,200 s/f of manufacturing/office space at 6581 Townline Rd. COR Brokerage represented the owner in this transaction. Feinberg and Rupprecht also brokered the lease of 18,300 s/f of warehouse space at 6606 Joy Rd., East Syracuse. This space represents an expansion for PPC whose corporate headquarters is on Molloy Rd. in East Syracuse. Larry Van Der Bogart and Peter Finn of CBRE brokered the lease of 10,000 s/f of office/warehouse space at 6600 Deere Rd., DeWitt. PEMCO Group represented Downtown Decorations, which relocated from Midler Ave. The Small Business Administration renewed its lease of 7,000 s/f of office space in Deys Centennial Plaza, 401 S. Salina St. Bill Anninos of CBRE represented Deys Centennial Plaza. Studley represented the tenant. Feinberg and Rupprecht brokered the lease of 5,950 s/f of office/flex space at 19 Corporate Circle, East Syracuse. Van Der Bogart represented the tenant, CEI Manufacturing Inc. Tom Christian of CBRE brokered the lease of 4,970 s/f of office space at 6731 Collamer Rd., East Syracuse. Swanson Services Corporation moved from Cleveland Ave., Liverpool, to the larger Collamer Rd. space. Oliva Real Estate Co. co-brokered the lease. Anninos represented Aon Consulting in the lease renewal of 3,045 s/f of office space at 1035 7th North St., Liverpool. Christian worked with CBRE/Tysons Corner, Va., to broker the lease of 2,575 s/f of office space at 6437 Collamer Rd., East Syracuse. Advantage Sales & Marketing relocated from Newbrook Ave., East Syracuse. Oliva Real Estate Co. co-brokered the lease. Anninos brokered the lease of 2,488 s/f at One Financial Plaza, 221 S. Warren St., to WellCare. This is a new office in the city for WellCare, which was represented by Johnson Real Estate, of Denver, Colo. COR Brokerage was the listing agent. Anninos represented Worldwide Express in the lease of 1,369 s/f at 600 Erie Place II, 615 Erie Blvd. West. This will be a new sales office in the area's market for Worldwide Express. JF Real Estate co-brokered the lease.
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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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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

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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.
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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