News: Brokerage

Larkin of Larkin Comm'l. receives CoreNet MCR

Joseph Larkin, president, Larkin Commercial, Inc., has been recognized for completing the professional development series for the CoreNet Global Master of Corporate Real Estate (MCR) designation. The CoreNet Global MCR program is a professional development program, which provides essential skills that focus on urgent and critical business issues and communicates competence and successful experience as a corporate real estate expert. "Graduates of the rigorous MCR program have earned respect and admiration as experts in the disciplines of corporate real estate," said Dr. Prentice Knight, CEO of CoreNet Global. "The MCR designation communicates professional competence and a high level of industry knowledge to management and colleagues." All graduates were honored at the CoreNet Global Summit, Orlando. The MCR program was established in 1982 and is the professional designation of CoreNet Global, which is the largest worldwide organization devoted to the professional education of corporate real estate professionals. Currently, CoreNet Global has MCRs in Asia, Australia, EMEA, New Zealand and North America. To receive the MCR designation, professionals must complete 104 hours of classroom training by completing three required seminars, two elective seminars and a Capstone within a five-year period. An assessment is given at the end of each seminar and a passing grade must be earned to receive credit. Each designee will further their education through continuing professional development which must be renewed every three years. CoreNet Global members manage U.S. $1.2 trillion in worldwide corporate assets consisting of owned and leased office, industrial and other space. With 7,000 members representing large corporations around the world, CoreNet Global (www.corenetglobal.org) operates in five global regions: Asia, Australia, EMEA, Latin America and North America.
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SABRE coordinates sale of six properties totaling 199,845 s/f

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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
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.
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.