News: Brokerage

Gault of Perry Gault Management brokers $5.6 million sale

Jeffrey Gault, a principal at Perry Gault Management Co., Inc. and Partners, sold four contiguous five-story apartment houses located at 1755 through 1775 Eastburn Ave. for $5.6 million. The property contained 103 apartments with 344 rooms. The plot size of the property is 260' by 95'. John Nickelsberg of the law firm of Rabine and Nickelsberg represented the sellers. The buyer, Shllaku Holdings, LLC, was represented by Valentine Djonovic, Esq. Michael Kesselman of the firm Meridian Capital Group arranged the financing for purchase, Joshua Zellner of the firm Zellner Realty Corp. was the broker.
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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
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.
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