News: Brokerage

Marcus & Millichap recognizes Kunofsky as the firm's top investment specialist nationwide

According to Marcus & Millichap Real Estate Investment Services, Glen Kunofsky has been names the firm's top investment specialist of 2008. Kunofsky, a senior VP investments, also ranked as the firm's top listing, retail and single-tenant investment specialist. He facilitated transactions valued at $260 million last year. "We are proud to recognize Glen as the firm's top investment specialist," said Harvey Green, president and CEO of Marcus & Millichap. "Glen's tremendous transaction expertise, unrivaled market knowledge and total commitment to client service make him our top agent for 2008 and our top retail investment specialist for the third consecutive year." Kunofsky joined Marcus & Millichap in June 2001 and was promoted to senior VP investments in August 2008. He is a senior director of the firm's National Retail Group and its Net Leased Properties Group. Some of Kunofsky's transaction highlights from last year include: a $25.5 million single-tenant industrial sale/leaseback in Sandusky, Ohio; a $17.5 million portfolio sale; and the sale of several properties on behalf of numerous institutional and publicly traded clients.
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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
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.
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