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Brokerage
Posted: December 5, 2008
L&L Holding Co. to install solar window films at 600 Third Ave.
L&L Holding Co., the owner of 600 Third Ave., is undergoing a green initiative that involves the installation of solar window film on their 50-story building. There are 1,800 windows totaling 43,000 s/f.
This is being done to improve the energy efficiency of the building. Once completed in the first quarter of 2009, it will save a minimum of $30,000 annually. The solar film also improves the appearance of the building. The older film gave the building a checkerboard appearance since years ago different tints were randomly applied to the windows. The new film maximizes natural light and improves the view.
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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
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
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
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
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
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