News: Brokerage

Realty USA hosts CIREB's Sept. marketing session in Rensselar

CIREB's Sept. marketing session was held at the Rensselaer Train Station and featured deLaet's Landing. Listed by Realty USA, it is a new mixed-use development on the Hudson River. Scheduled to begin construction in the spring of 2010, it will be built in phases, with the first phase comprising 200 new residential units, 40,000 s/f of retail, and the creation of the new harbor and pier. Upcoming marketing sessions: * Thursday, Oct. 1 hosted by CBRE/Albany at 1 Racemark Way, Malta. * Thursday, Nov. 5 hosted by Albany Management at 41 State St. * Thursday, Dec. 3 hosted by Windsor Development. CIREB welcomes the following new members: Broker membership: Jennifer Brandolino, NY's Real Estate Connection; and Jim Villasenor, Bethlehem Realty Assoc. * Associate membership: Leah Capobianco, Conley Realty; Janice Cotton, Tech Valley Homes; Mary Cox, Pyramid Brokerage; and Richard Curri, Conley Realty. CIREB is an organization of real estate professionals who broker the sale, lease and/or exchange of commercial properties. The goal of CIREB is to represent the common interests of its members and at the same time allow its clients the benefit and experience of over 500 commercial specialists working together. CIREB's membership includes brokers, agents, property managers, developers, appraisers, attorneys, developers, economic development agencies and financial institutions actively engaged in the business of commercial real estate. Established in 1967, CIREB maintains the country's oldest and most advanced commercial multiple listing service (MLS). Visit www.CIREB.com for more information.
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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.