News: Brokerage

City of Albany, ALDC and Downtown BID hold forum for 200 attendees

Nearly 200 developers, investors, individuals with entrepreneurial spirit, property owners, and lending institutions attended a Downtown Albany Development Forum on March 19, a collaborative effort of the city, the Albany Local Development Corp. (ALDC) and the Downtown Albany Business Improvement District (BID) presenting detailed information on available resources for rehabilitating vacant or under-utilized mixed-use projects in the downtown area. The presenting sponsor was Berkshire Bank. In addition to mayor Jerry Jennings, Michael Yevoli (president, ALDC), and Pamela Tobin (executive director, Downtown Albany BID), representatives from organizations administering the incentive and grant programs were featured and included:  Chris Leo representing Joseph Rabito, deputy commissioner, NYS Division of Housing and Community Renewal; Daniel Mackay, public policy director, NYS Preservation League; Linda Hill, principal economic developer, National Grid; Steven Weiss, managing partner, Cannon, Heyman & Weiss, LLP; Megan Daly and Maria Pidgeon (from the city's Department of Development and Planning).
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Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
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Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
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.