Mayor Robert Duffy and economic development commissioner Carlos Carballada cut the ribbon, celebrating the grand opening of 250south, a formerly vacant warehouse redeveloped as a mixed-use building. The project, at 250 South Ave., is a collaborative partnership between local entrepreneur Richard VanCuyck and local architects Mark Pandolf and Christopher Lopez, of PLAN Architectural Studio.
"Downtown is an exciting place to live and work," said Duffy. "The occupants of 250south can celebrate the river and view the evolving skyline of our city. Projects like this shape the vision of the center city as a vibrant community with a vital residential core."
The once boarded-up 7,500 s/f three-story warehouse is now a 10,000 s/f four-story signature addition to the city's downtown skyline. The $2.1 million redevelopment includes three high-end loft apartments and two large office spaces. The building now provides center city a new gateway for motorists approaching the Frederick Douglass - Susan B. Anthony Memorial Bridge from the west.
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.
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
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.