News: Brokerage

Siano of CB Richard Ellis arranges six new Long Island leases for Play N Trade; To open 35 more stores in next three years

Newport Beach, California-based video-game retailer Play N Trade has been expanding rapidly throughout L.I. opening six new locations in the market over the past year alone. Working closely with CB Richard Ellis retail broker, Jayson Siano, the national video game retailer has now set its sights on opening up to 35 additional stores on L.I. in the next three years. Acting as the company's exclusive real estate advisor in the NYS region, Siano arranged six new leases this year alone. Among the deals signed are a 1,600 s/f lease at Centro Property Group's Nesconset Shopping Center in Port Jefferson Station; a 1,600 s/f commitment for space currently under construction in Deer Park; a 1,330 s/f lease in Miller Place at the North Country Plaza; and a 1,500 s/f lease in Bayshore in the Kohl's Shopping Center. "The video game industry is currently one of the most stable and popular businesses in the world generating several billion dollars in revenues each year," said Siano. "Play N Trade's highly-targeted expansion campaign in the Long Island market is another indication of the growth of this business segment."
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SABRE coordinates sale of six properties totaling 199,845 s/f

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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.
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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.
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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