News: Brokerage

Partner Racanelli of Farrell Fritz elected secretary of the Flushing Willets Point Corona Local Development Corporation's board of directors

According to Farrell Fritz, partner John Racanelli has been elected secretary of the Flushing Willets Point Corona Local Development Corporation's (FWPCLDC) board of directors. He has served on the board for several years. Racanelli, an Oyster Bay resident, focuses his practice on commercial real estate acquisitions, development, leasing, financing and construction. Racanelli is a member of the board of trustees of Dowling College; a director of the council of governing boards for New York's independent education trustees; a board member of the Long Island arts alliance; and an advisory board member of the Energeia Partnership and the LI Index. He earned his Juris Doctor degree from New York University School of Law and his bachelor of arts degree from Georgetown University. Claire Shulman, president and CEO of the FWPCLDC and former Queens Borough president, acknowledged Racanelli's continual contributions to the organization.
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Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
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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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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