News: Brokerage

Professional Profile: Joseph Orefice, 2014

Name: Joseph Orefice Title: Senior Vice President and Head of the Commercial Real Estate Lending Group Company: Investors Bank Location: 60 East 42nd St., New York, N.Y. 10165 Birthplace: New York, N.Y. Education: Bachelor's degree, Economics, University of Connecticut First job outside of real estate: McDonald's - believe it or not, invaluable experience. First job in real estate or allied field: Travelers Insurance - real estate division What do you do now and what are you planning for the future? Manage all aspects of Investors Bank's commercial real estate financing group, which includes six offices in New York and New Jersey. I expect to continue growing Investor's commercial business as well as increasing its capabilities. How do you unwind from a busy day in real estate? I am an avid basketball player. I play whenever I can and my knees permit. Favorite book or author: My summer reading will usually be James Patterson's latest. Favorite movie: "Star Wars" since 1978. Last song you downloaded? "The Man" by Aloe Blacc One word to describe your work environment: Busy but we are a close knit group. I try very hard to have a positive and team oriented environment, and believe it has been one of the greatest successes we've had. Rules to live by in business: Be respectful to everyone at every level of business and always be open to new ideas. Often the best ideas are from the places you least expect. If you could invite one person to dinner (living or dead) who would it be and where would you go? Since I am a bit of a history buff, my pick would be Benjamin Franklin and probably the nearest tavern. A real genius at many levels.
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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
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.
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