News: Brokerage

Pavia Real Estate completes three leases totaling 9,916 s/f

Pavia Real Estate Services has brokered four leases totaling 9,916 s/f. The deals include: * A 2,200 s/f, 10-year lease at 4642-4666 Commercial Dr. Dominic Pavia of Pavia represented both the landlord, TS New Hartford LLC, and the tenant, Five Guys Burgers. * A 1,800 s/f, 10-year lease at 4848 Commercial Dr. John Jweid of Pavia represented the tenant, Princess Nails, and Dominic Pavia of Pavia represented the landlord, Benderson Development. * A 2,124 s/f, five-year lease 4452 Commercial Dr. Jweid represented both the landlord, PMB LLC, and the tenant, Aida Salon. * A 3,792 s/f, five-year lease at 1705 Burrstone Rd. Pavia represented both the landlord, Bushinger Flowers, and the tenant, St. Lukes Health Care.
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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
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
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.
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