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Brokerage
Posted: May 30, 2008
High Street Equity Advisors acquires three bldgs. for $17.7 million
High Street Equity Advisors, LLC acquired three class A distribution facilities totaling 421,300 s/f. Located in the northwest submarket of the city, these purchased properties increase the firm's greater city investments to seven buildings totaling 1.621 million s/f. Situated within a one-mile radius of each other, the three 100% leased distribution buildings are located at 4434 Mulhauser Rd. (140,800 s/f), 9449 Glades Dr. (168,000 s/f), and 12072 Best Place (112,500 s/f). These properties, purchased for a total of $17.7 million, are part of a larger $95 million portfolio acquisition.
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SABRE coordinates sale of six properties totaling 199,845 s/f
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Quick Hits
Columns and Thought Leadership
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
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
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 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.
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