News:
Brokerage
Posted: November 19, 2007
Sangster of JF Real Estate brokers three leases totaling 12,638 s/f
Charles Sangster, senior VP of JF Real Estate negotiated the following three office lease transactions totaling 12,638 s/f:
* Menter, Rudin & Trivelpiece, P.C. expanded their premises at 308 Maltbie St. (Franklin Sq.) by 2,100 s/f for a total of 17,000 s/f. The law firm moved into Franklin Sq.
* Firley, Moran, Freer & Eassa, CPA , P.C.has expanded their office at 5010 Campuswood Dr., Dewitt (Pioneer Park) by 5,538 s/f. The accounting firm moved into the building in February 2006. Sangster acted as the exclusive tenant representative in the transaction. This expansion brings their total space to 22,392 s/f.
* IKON Office Solutions has signed a lease for approximately 5,000 s/f in 5010 Campuswood Dr. IKON will occupy the new space (currently under construction) on December 1.
Tags:
Brokerage
MORE FROM Brokerage
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.
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
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
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.
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.
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
.gif)