News: Brokerage

Provident Bank opens 4,000 s/f Nyack Branch

Provident Bank's 4,000 s/f area branch, located at 24 North Highland Ave., is open for business. This branch offers residents a scope of services and is the bank's first branch in the town. "We're very excited to have the opportunity to enter such a diverse, sophisticated and unique community," said George Strayton,president and CEO of Provident Bank. "Nyack is one of the most important villages in Rockland County, and a terrific place to live and do business. Its charm and sophistication continues to attract new businesses, residents and tourists alike. We are proud to be able to serve the growing population and to expand and strengthen our customer relationships. This new branch reinforces our commitment to delivering top-tier customer service at every touch point and to helping the Nyack community continue to flourish and grow." The state-of-the-art branch provides a professional, convenient and welcoming environment for customers to do their banking and wealth management planning. The new branch also offers customers a variety of conveniences including a parking lot, two drive-thru banking lanes to accommodate peak traffic and access to 24-hour vestibule and drive-up ATMs. Additionally, the branch features plush seating, a coffee station and a kids center with TV, as well as extended service hours and seven-day banking.
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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.
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.
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