News: Brokerage

Pavia Real Estate completes sales totaling $925,850 and leases 3,100 s/f

Pavia Real Estate Services has completed the following transactions: Dominic Pavia of Pavia Real Estate Services represented the sellers, Harold and James Julian in the $350,000 sale of 4752-4756 Middle Settlement Rd. The 3,100 s/f office building sits on 3.76 acres and was sold to Michael Cancilla. Pyramid Brokerage represented the buyer. At the same property Metlife leased 3,100 s/f for a 5 year term.Pavia represented the landlord, Michael Cancilla. Jones Lang LaSalle represented the tenant. Pavia represented the buyer, Visions Hotels and the seller, CPMG LLC in the $850,000 sale for a proposed Holiday Inn Express located on 2.5 acres on Wells Ave., Utica. John Jweid of Pavia Real Estate Services represented the buyers, Martin Adragna, Barry Kirch and Joseph Vella in the $350,000 sale of a 29,000 s/f former school building located on 10.4 acres in Vernon.. Pyramid Brokerage represented the seller, Oneida City School District. Jweid represented the buyer, Dacobe Enterprises, in the $225,000 sale of a 19,918 s/f building located at 319-325 LaFayette St., Utica. Pavia represented the seller, 325 LaFayette St. LLC.
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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.
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
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.