News: Brokerage

NYSCAR WNY holds 7th annual awards dinner

The Western New York chapter of the New York State Commercial Association of Realtors held its 7th Annual Awards Dinner and Installation of board of directors ceremony along with a new, 12 page insert in the Business First newspaper. This year's event was held on February 12 at the Statler Tower Grand Ballroom, located at 107 Delaware Ave. with an open bar at 6 p.m. and dinner at 7 p.m. A swearing in ceremony of new officers was followed by the presentation of several awards. Awards were given for Lifetime Achievement, Meritorious Service and for the Largest Broker Assisted Lease and Sale Transactions of 2007. Victor Peterson of MJ Peterson Corp. received the 2008 recipient for the Lifetime Achievement Award. This year's Meritorious Service Award recipient was Marsha Henderson, vice president of External Affairs at the University of Buffalo. Join your fellow commercial realtors and other commercial property professionals! * Membership includes monthly breakfast meeting (3rd Thursday of each month) with featured guest speakers on topics relating to government affairs, community issues and real estate issues. * Past speakers include: Robert Shibley, Clinton Brown, Kevin Curry, Mark Hamister, Carl Paladino, Michael Hughes, Bernie Obletz, David Brody, Russ Gullo, Joel Giambra, Wayne Bacon, David Bradley, Steve McGarvey, Richard Dietz, Sam Hoyt, Thomas Kucharski, Tom Reynolds, Nancy Naples, Irene Elia, Beverly Sanford, and James Allen. * Nonmembers pay $15/meeting. * Networking with real estate professionals. * Marketing session to promote property or services. * Representation at the state NYSCAR level. * Membership Directory. * Website and much more!
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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
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.
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
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