News: Brokerage

Skyline Developers work to preserve important New York City architecture

To many developers in New York, an old building is simply an obstacle to be torn down, but to developer Orin Wilf, it represents a personal challenge and a diamond in the rough. Wilf, through his Manhattan-based real estate development company Skyline Developers, a division of Garden Homes, has returned several Manhattan buildings to their former glory. Among these historic restorations of note are 41 Broad St., 37 Wall St., and the Rockefeller Townhouses at 13-15 West 54th St. Most recently, Wilf is set to close on the purchase of 1040 Ave. of the Americas, a classic 24-story art deco office tower at West 39th St. Built as the Millinery Building in 1927 by architects Buchman & Kahn who also designed the Hotel Sherry Netherland, Skyline Developers will begin restoration of the building's ornate lobby and brick and limestone stepped-back façade starting next year. Over the past five years, Skyline Developers has invested millions of dollars to restore these historic buildings, winning numerous awards for their efforts along the way. The New York State Office of Parks, Recreation and Historic Preservation awarded Wilf's firm the 2006Historic Preservation Award for Private Sector Achievement for 41 Broad St.
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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