News: Brokerage

NAI Platform hosts CIREB's June marketing session at 253 Troy Rd.

CIREB's June marketing session, hosted by NAI Platform, was held at 253 Troy Rd. with guest speaker NYS senator Roy McDonald. The building is 209,822 s/f on 73.2 acres with views of the Albany skyline. The main plant area is just over 150,000 s/f with 35'x65' column spacing. The office area consists of just over 32,000 s/f on three floors. There will no marketing session in August. New CIREB members include the following: * Broker membership: Mark Petrie - Re/Max Champions. * Associate membership: Jonathon DiCesare - Realty USA, Shannon Gillson - Conti Appraisal, Laurie Leckonby - The Kinderhook Group, Mathieu Moulin - Coldwell Banker Prime, Shannon Muth - Galesi Group, Chad Perkins - ReMax Champions, and Tyler Phillips - Keller Williams Cap District. Educational update: CCIM 104 will be held at CIREB headquarters from Monday, August 17 - Saturday, August 22. Please register at ccim.com. CIREB holds its monthly marketing sessions on the first Thursday of each month and are free to all CIREB members. Guests may attend these sessions at a cost of $10 per person. If you would like to attend a marketing session or join CIREB, please call Kelly Pierce at (518) 464-0194 or visit www.CIREB.com for more information.
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Columns and Thought Leadership
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.
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.