Grunberg Realty buys 105-acre Somerset Refinery in Kentucky
According to Michael Grunberg, managing principal of Grunberg Realty, in N.Y.C., the company has closed on the Somerset Refinery and associated business units. This closing could not have been effected without the involvement of congressman Hal Rogers, senators McConnell and Bunning and many others. They're dealing with the EPA and the EPA's eventual understanding of the nature of the circumstances surrounding this purchase allowed this closing to occur. The acquisition includes the 105-acre oil refinery on 600 Monticello St., several office buildings, a fleet of tanker trucks and 12 retail gas stations in the state.
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.
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
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.
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.
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