News: Brokerage

Greater Buffalo BOMA donates golf proceeds to the Buffalo Zoo

Greater Buffalo BOMA is once again directing proceeds from the annual Golf Outing to a local entity. Funds raised at the event will be donated to the Buffalo Zoological Gardens for the benefit of the new construction projects which are needed for improved conditions for the animals. The contribution will take place at the January chapter meeting, where Donna Fernandez, director of the zoo, will be the program speaker. Visit their website at www.buffalozoo.org. Held since 1993, the Greater Buffalo BOMA Charity Golf outing is a fun event featuring a Chinese auction, 50/50 raffles, various golf games and a lot of very interesting door prizes. Plans are already underway for this year's event, which will take place in August. The program committee for BOMA is working hard developing presentations for upcoming Chapter meetings. Some plans are already in place, and include restoration of a business after a disaster, a Commercial Market Review, Clean Coal Technology, and some building tours of new and refurbished facilities. Greater Buffalo BOMA is a federated chapter of BOMA International, a worldwide business association designed to promote and look after the interests of commercial office building ownership and management.
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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.
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