News: Brokerage

Empire Commercial Construction begins work on Family First FCU

Greece, NY Empire Commercial Construction, a retail-specific division of regional general contractor Taylor–The Builders, started renovations of the former Talbots space in Country Village Plaza, for the newest branch location of Family First Federal Credit Union. Empire is teaming with Meehan Architecture for design and construction of the 2,000 s/f interior renovation and the home-based credit union’s fifth branch, to be located at 1100 Long Pond Rd.

“Empire is proud to establish a new relationship with Family First Federal Credit Union, as we exceed their construction goals for a fifth location,” said project executive, Josh Myers. “We believe in the same commitment of family, integrity, relationships, service and trust, and are privileged to help accommodate their growth to another community in the Rochester region.”

The newest location, and first on the City’s west side, will have several of the same convenient features as other branches, including: Free Wi-Fi, 24 Hour Drive Thru ATM, Night Drop Box and Shared Branching access.

MORE FROM Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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