News: Brokerage

Prudential Douglas Elliman hires Burke as exec. VP and director of sales of the Williamsburg office

Sarah Burke has joined the Williamsburg office of Prudential Douglas Elliman as an executive VP and director of sales. Burke hails from The Developers Group, where she served as a senior VP. With a decade of experience in the New York real estate market, she has worked on over 25 developments throughout Brooklyn, Queens, Manhattan, N.J., and Philadelphia. Prior to the Developers Group, Burke served as a director at Benjamin James, a Manhattan-based boutique brokerage firm. She received her bachelor of Fine Arts from New York University. "We are thrilled to welcome Sarah to our firm," said Chris Peters, general director of Brooklyn division for Prudential Douglas Elliman. "Her passion for real estate, extensive market knowledge, and excellent communication skills make her a valuable addition to our dynamic team." "Joining a powerhouse like Prudential Douglas Elliman, with its incredible reach and tremendous resources, will allow me to better serve past, present, and future clients." said Burke. "I am very excited to be here and look forward to working with the fantastic staff of agents in the Bedford Ave. office."
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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
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.