News: Brokerage

Savitt hires Strauss as an associate director

Cory Strauss has joined Savitt Partners LLC as associate director, according to Michael Dubin, president-brokerage services of Savitt Partners. Prior to Savitt Partners, he served as an associate director at Adams & Co. Real Estate. Previously, he worked at Robert Futterman & Associates. Strauss earned a bachelor of science degree in Business Administration from Syracuse University Whitman School of Management. "Since launching Savitt Partners last year we've continued to seek young talented real estate professionals that can help us provide the 'best in class' quality, assuring the continued realization of our client's goals and requirements," said Dubin. "We are very confident that Cory has all the tools necessary to serve our growing client roster, while also helping us broaden our reach." Savitt Partners is a full-service commercial real estate company headquartered in N.Y.C. Founded by Bob Savitt, the firm owns and/or operates a portfolio totaling nearly two million s/f of office and showroom buildings in Manhattan, including 530 Seventh Ave., 525 Seventh Ave., 218 West 40th St., 499 Seventh Ave. and 11 West 19th St. In addition to overseeing the leasing and management of its own assets, the firm provides superior leasing, asset and property management and investment services to other quality owners and tenants.
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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
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.
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
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