News: Brokerage

Rochester seeks RFP for Midtown Plaza Tower

According to mayor Robert Duffy, city has issued a Request for Proposals (RFP) for the sale and adaptive reuse of the Midtown Plaza Tower building. The city is leaving open the possibility that a private developer could make use of the tower, but also realizes that it may not be part of the final development. The 207,000 s/f building encompasses 20,000 s/f of land area along Broad St., S. Clinton Ave. and Chestnut St. It sits atop a 1,844-space, three-level underground parking garage. The tower is at the epicenter of the Midtown Rising development district, which encompasses 9.9 million s/f of office space and is scheduled for $750 million worth of improvements. The city will not consider proposals that will leave the tower in a deteriorated, incomplete or substantially unoccupied condition and the proposals must show that the redevelopment can be completed within a reasonable and established time frame of the overall Midtown demolition schedule. There will be informational meetings and a tower showing related the RFP at Midtown Plaza, Thurs., Jan. 15, 2009. The tower will be open for inspection by interested developers only immediately following the informational meetings until 2 p.m. Interested parties must register for attendance by 4 p.m. Jan. 14, 2009. Contact Susan Lindsay at (585)428-6407, or email her at [email protected]. Admittance to the property may be prohibited if not registered as required.
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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
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.
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Strategic pause - by Shallini Mehra and Chirag Doshi

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