News: Brokerage

Rowley of CB Richard Ellis/Rochester installed as the 2010 NYSCAR president

According to CB Richard Ellis/Rochester, Joseph Rowley, Jr. has been installed as the president of the New York State Commercial Association of Realtors (NYSCAR) for 2010. Rowley has been a vice president with CBRE/Rochester since 2001, and has practiced in the Rochester and upstate New York commercial real estate markets for over 25 years. Chartered in 1995 as a commercial overlay board, NYSCAR is a specialty local board of Realtors with statewide jurisdiction. NYSCAR was formed by commercial practitioners who had a vision of a board of Realtors dedicated specifically to commercial issues. In succeeding years, NYSCAR has implemented that vision by creating opportunities for members to enhance their professional education, to network with colleagues across the state, and to market commercial property in statewide forums. There are six active NYSCAR chapters throughout the state, including: Greater Capital, Hudson Valley, Metro Long Island, Rochester Area, Western New York and Southern Tier. One of the most visible and most successful of NYSCAR's endeavors has been the development of the annual commercial real estate conference at the Turning Stone Resort held each June, jointly sponsored by NYSCAR, the Northern N.J./NYS Chapter of CCIM and the Upstate and Downstate Chapters of SIOR and the Society of Exchange Counselors. This premier event has grown to three days packed with six challenging and topical continuing education courses, one and a half days of marketing sessions facilitated by the SEC, and networking events ranging from a golf tournament to a luncheon featuring nationally recognized keynote speakers.
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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
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
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.
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.