News: Brokerage

Goldschmidt & Associates brokers 24,000 s/f lease for Maxx Properties

Harrison NY Maxx Properties, a leading apartment house owner/manager throughout the U.S., has moved into a new 24,000 s/f space at 600 Mamaroneck Ave. They are leasing the entire fifth floor in the newly upgraded building at the Saxon Woods Corporate Park managed by Celestial Capital Group of New York City. In turn, Maxx sold their 32,000 s/f office building at 875 Mamaroneck Ave., Mamaroneck, to KOSL Building Corp. The asking price was $250 per s/f. Eric Goldschmidt, partner at Goldschmidt & Associates was retained by Maxx Properties to find them new space and to sell their headquarters building. Goldschmidt was the sole broker for both transactions. "Maxx Properties, formerly known as JRD Management owned by the Wiener family, made a strategic decision to consolidate the two and a half floors of their four-story building at 875 Mamaroneck Ave. and move into a single floor office to more efficiently operate their corporate headquarters," Goldschmidt said. "After a thorough search, 600 Mamaroneck Ave. was the perfect choice as it is conveniently located, was heavily windowed, and was undergoing a major modernization which met the Wiener family's standards. The coordination of the move and the sale worked perfectly."
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SABRE coordinates sale of six properties totaling 199,845 s/f

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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

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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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Strategic pause - by Shallini Mehra and Chirag Doshi

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