News: Brokerage

McGuire of Mack-Cali arranges 89,710 s/f lease for Xand Corporation

Mack-Cali Realty Corp. has recently leased 89,710 s/f to Xand Corporation at Mid-Westchester Executive Park. The transactions consist of the following: * A three-year, 46,078 s/f lease extension for the entire office/flex building at 11 Skyline Dr., extending the term to 10 years and nine months. * A new 10-year, nine-month lease for 43,632 s/f at 17 Skyline Dr. This lease brings the 85,000 s/f class A office building to 100% leased. Xand Corp., a provider of data center infrastructure and business continuity solutions, has undergone several expansions since it became a Mack-Cali tenant in 1990. Mitchell Hersh, Mack-Cali president and CEO, said, "This transaction is in line with our strategy of building successful, long-term relationships with our tenants. We are very pleased that as Xand's space needs have grown, it has chosen to expand within this leading Mack-Cali business park." Carol McGuire, senior director of leasing, represented Mack-Cali on the transaction.
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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
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