News: Brokerage

Newman and Caracappa of W&M Properties arrange 2,200 s/f lease renewal

Milde & Hoffberg LLP has renewed its lease for a second time at W&M Properties' class A building at Ten Bank St. also opting to renew six months prior to lease expiration, announces Jeffrey Newman, executive vice president of W&M Properties. The firm has been a tenant since 1998 and will remain on the fourth floor of the building, where it will occupy 2,200 s/f through 2013. "We renewed early because we wanted to be sure we could stay in this building, because we have always been treated like royalty by the landlord," said Karl Milde, a partner at the firm. "We are very pleased that the firm has decided to renew a second time," said Newman. "With the addition of Eckert Seamans in June, Ten Bank St. is now home to two well-regarded law firms." Newman and assistant vice president Kathleen Caracappa represented the landlord in this transaction. Rick Rakow of Rakow Commercial Realty represented the tenant. Ten Bank St. is a 225,000 s/f, 12-story class A office building adjacent to the White Plains Transportation Center, which includes the Metro North commuter line that runs directly to Grand Central Terminal in Manhattan and serves as the hub of the extensive Westchester County Bee Line bus system.
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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.
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.