News: Brokerage

Malagisi of Sperry Van Ness International completes sale of 417-unit Pond Rd. S. Self Storage to Metro Storage

Oakdale, NY Nick Malagisi, national director of self storage for Sperry Van Ness International, has assisted in the disposition of Pond Rd. S. Self Storage, a 45,200 net rentable s/f facility located at 4038 Sunrise Highway to Metro Storage, a national owner/operator of self storage properties. The facility is all single-story construction, except for the two-story office, and consists of 417 rental units, outdoor parking and a Penske truck franchise. Malagisi was assisted in the transaction by Stephen McKnight of SV Knight Realty. Malagisi also completed the sale of a former 84 Lumber site located at 1184 Rte. 112, Port Jefferson. The property sold to a local partnership for redevelopment into a self storage facility.
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Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
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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.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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