News: Brokerage

Mancuso of Mancuso Bus. Dev. brokers 5,041 s/f lease to Mantelli Trailer Sales at Harrison Place

Mantelli Trailer Sales, Inc. is opening a 5,041 s/f Internet sales office at Harrison Place to serve their growing online sales of RV parts and accessories. Co-owner Mark Watson said that the increase in national and international sales from their website (www.mantelli.com) is leading the Mantelli Trailer team to expand their capacity to service this business. Thomas Mancuso, president of Mancuso Business Development Group, who brokered the lease and manages the building, said, "This is exactly what we are here to do, help people with good ideas take advantage of the opportunities available to them." Harrison Place is a 375,000 s/f business center and incubator being created in the downtown area that offers office, industrial and commercial space for lease. Now operated by Mancuso Management for the Greater Lockport Development Corp. (GLDC), the property is focused on helping people start and grow businesses. The GLDC recently was awarded a Restore NY grant of $1.5 million to support the revitalization of this former manufacturing facility.
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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
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.
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.