News: Brokerage

Pro Con continuing const. on schedule for $14m 150-room hotel

Construction is continuing on schedule for a new Hampton Inn and Suites hotel located at 160 Corporate Blvd., in the South Westchester Executive Park, off the Sawmill Pwy. Pro Con, Inc. of Manchester, N.H. is the architect and construction manager for the new 150-room hotel and FSG Yonkers Hotel, LLC is the owner and developer. The hotel will be managed by Colwen Management of Nashua, N.H. The project cost is $14 million. Pro Con, Inc. began site work on the design build project in March and has scheduled a May 2009 completion date. In addition to the design and construction management services, Pro Con also provided pre-construction and structural engineering services for the developer. The 87,566 s/f, four-story hotel will offer king and queen rooms and 37 studio suites. The public areas of the hotel will include a full-service bar, breakfast area, a "Suite Shop," an indoor pool and a fitness room. The hotel will also have a flexible space conference room.
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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
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.
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
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.