News: Brokerage

Savoca of Konar Properties receives RPA designation from BOMI International

Steven Savoca of Konar Properties has recently received his Real Property Administrator (RPA) professional designation from the Building Owners and Managers Institute (BOMI) International. The RPA designation indicates that the recipient has completed a program of in-depth courses dealing with the ownership, management and operation of major office and commercial buildings. Seven required courses provide in-depth coverage of building systems, life cycle costing, energy management and the environment, insurance and legal issues, finance and asset management. Savoca is a commercial property manager with Konar Properties, where he manages a portfolio of industrial, retail, and office properties. Savoca has been a property manager since 1995 and also holds a Certified Property Manager (CPM) credential from the Institute of Real Estate Management (IREM). BOMI International is a non-profit organization formed in 1970 to provide comprehensive continuing education in the complex issues involved in the operation and maintenance of building systems. More than 18,000 property professionals have earned one or more BOMI International designations.
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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
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
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.
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.