Recently, congressman Robert Torricelli (D-NJ) joined commercial real estate developer David Poskanzer in celebration of the breaking of ground for the final phase of the Fort Lee Executive Park, Three Executive Dr. Located in the hub of the New York/New Jersey/Connecticut tri-state region, the office park boasts a presitigious 26-acre facility which, when complete, will feature approximately 1.4 million s/f of office space. The 28-story, Three Executive Dr. structure will be comprised of 800,000 s/f and will be one of the largest office towers in Northern New Jersey. In addition, a 60,000 - 200,000 s/f data center available as part of Three Executive Dr. will be one of the largest facilites of its kind in the region. Three Executive Dr. will be ready for occupancy in early 1992.
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.
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.
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.
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
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