News: Brokerage

Sabre Real Estate undertakes expansion program for Equinox's Blink Fitness unit

Sabre Real Estate Group LLC hosted dozens of brokers and landlords who stopped in for a look at Long Island's first Blink Fitness location. The open house was on March 19. Sabre is seeking locations throughout Long Island for Blink Fitness, a professionally operated, low-cost gym experience owned Equinox Fitness. "We want to familiarize the landlord/developer community with the brand since we are on a very aggressive expansion program," said Jayson Siano, managing principal of Sabre. Blink's site requirements include 15,000-20,000 s/f in a grocery or big-box anchored shopping center with heavy vehicular traffic, at least 125 parking spaces, high visibility and easy access. Blink's layout is flexible with the ability to go to two levels. The Melville location occupied two floors in an office building. Scott Sher, senior vice president of Sabre; Stu Fagen, managing director, and Russel Helbling, senior associate, are Blink's brokers. They can be reached t (516) 874-8070. Shown (from left) are: Edward Czarniak, associate at Sabre; Russel Helbling, senior associate at Sabre; Bill Miller, vice president-real estate at Blink Fitness; Scott Sher, senior vice president of Sabre; Jayson Siano, managing principal of Sabre, and Stu Fagen, managing director of Sabre.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,