News: Brokerage

Mack-Cali Realty Corp. arranges two leases totaling 78,353 s/f

Mack-Cali Realty Corp. completes two lease transactions totaling 78,353 s/f at its Westchester County properties. The deals include the following: * Diebold Enterprise Security, Inc. signed a new seven-year and six-month lease for 32,250 s/f at 3 Westchester Plaza. The property is a 93,500 s/f office/flex building that is 84.9% leased. The tenant was represented by William Cuddy, Jr. and Timothy Donohue of CB Richard Ellis. Mack-Cali was represented in-house by Jeffrey Warner, VP of leasing, and Carol McGuire, senior director of leasing. * Acorda Therapeutics, Inc. has signed a three-year renewal for 46,103 s/f at 15 Skyline Dr. in Hawthorne. The property is a 55,000 s/f class A office/flex building that is 100% leased. The tenant was represented by Ellen Benedek and Carl Silbergleit of NAI Friedland Realty, Inc. Mack-Cali was represented in-house by Warner and Ivan Abry, senior director of leasing. Warner said, "These leases are excellent examples of Mack-Cali's ability to attract and retain high-quality tenants. We appreciate the opportunity to serve their office space needs."
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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
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
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.
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.