News: Brokerage

Collins of CBC Meridian brokers sale of the 8,000 s/f Airport Plaza

Airport Plaza, located at 4230-4236 Union Rd., was sold to a local retailer for an undisclosed price. Don Hoffman, owner of Airport Plaza Jewelers, 4210 Union Rd. will occupy 6,000 s/f out of the 8,900 s/f. Subway and Nail Time will remain within their current space. The deal was brokered by Patricia Collins, co-owner / broker of Coldwell Banker Commercial Meridian. Hoffman has been in the business for the past 22 years and at his current location for 12 years. Business has been great especially since Airport Plaza Jewelers purchases gold from consumers. "2008 has been overwhelming," said Hoffman. In addition, to specializing in diamond sales, Airport Plaza Jewelers will also be focusing on jewelry special marketing events, thus the need for expansion. Airport Plaza Jewelers saying, "Where a Really Great Diamond Doesn't Cost an Arm and a Leg and We Buy It All" is a true statement of a local business doing well despite the economic challenges in this area.
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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.