News: Brokerage

Mansfield of Mansfield Commercial Real Estate handles 18,160 s/f lease

Mansfield Commercial Real Estate has negotiated an 18,160 s/f lease for Time Warner Cable at 90 Crystal Run Rd., Crystal Run Corporate Park. The building is owned and operated by Herbert Albert LLC. Time Warner Cable will utilize the additional space for their media sales, business services and direct sales operations. The class A office building at 90 Crystal Run Rd. totals 90,000 s/f on four floors. Located less than one mile from the Rte. 17/Interstate 84 interchange, the building's other tenants include Toyota Motor Credit, Metropolitan Life, Langerman Eye Institute, Progressive Insurance, Washington Mutual Bank, Wells Fargo Financial, and Merrill Lynch. The lease was negotiated by Elisabeth Mansfield, president of Mansfield Commercial. Peter Albert represented Herbert Albert LLC. Herbert Albert, founded in 1925, has built and leased over 5 million s/f of space primarily in the Bronx, Manhattan, Westchester County, and Orange County. In the 1980s, Herbert Albert expanded into Orange County and established Crystal Run Corporate Park. The company has plans to construct the next addition to the park with a 127,000 s/f office building to be located at 95 Crystal Run Rd.
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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
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.
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.