News: Brokerage

Greater Buffalo BOMA elects Muncie of Calmar and Patton of National Fuel to it board of directors

Greater Buffalo BOMA recently held an election for the board of directors for 2009. Newly elected to the board are Kim Muncie, of Calamar Development, and Howard Patton of National Fuel Gas Company. Coming in December, Greater Buffalo BOMA will be celebrating the annual FACES OF BOMA Awards Banquet and Christmas party. This event will be held at the Twentieth Century Club, and is scheduled for Thursday, December 4. This is where we have an opportunity to celebrate the season, while acknowledging the outstanding contributions to the field of commercial property management over the course of the past year. Greater Buffalo BOMA is in the process of year-end membership renewal, and invites those who are interested in joining the association to consider doing so at this time. Dues are set up on a calendar basis, and joining at this time gets you the most value for your membership dollars. Membership in BOMA affords you the opportunity to network with peers in the industry, have access to a great deal of research and process evaluation, participate in classes designed to enhance your professional standing and qualifications, and most importantly support the advocacy efforts on behalf of the commercial property management industry. Everyone is encouraged to keep in mind the BOMA Trade Show, taking place in the spring at the Adam's Mark Hotel on 12 Church St. It is entitled Prosperity Buffalo, and will be held on Thursday, May 7 from 11 a.m. to 3 p.m. Exhibitor Registration Forms are available, and can be obtained by contacting the Greater Buffalo BOMA office at [email protected] This event is expected to be fun and productive, and will include seminars, raffles, and food and beverage. All are encouraged to come and see the latest information and technology available to the commercial property management industry.
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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
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.
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.