News: Brokerage

Slote and Harder of NAI Platform complete $10 million sale of 253 Troy Road

Dan Slote and Jim Harder of NAI Platform completed the $10 million sale of 253 Troy Rd., a 209,000 s/f manufacturing facility on 73 acres according to Cory Tyksinski, manager, of NAI Platform Commercial Real Estate. Slote and Harder, associate brokers with NAI Platform, had the exclusive listing to market the property on behalf of the seller, Albany International. The buyer, a private developer, represented himself on behalf of FedEx. The 209,000 s/f facility will make way for the $60 million project that will raise a brand new 250,000 s/f facility. The $60 million project will result in a New FedEx Mini Hub Distribution Center servicing three states from the Boston to Syracuse areas. NAI Platform's experienced team includes 17 commercial specialists with approximately 175 years of combined real estate experience. Their professionals have been responsible for some of Upstate New York's most significant deals, building a remarkable track record of transactions with an approximate combined dollar value of over $2.2 billion.
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Columns and Thought Leadership
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.
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
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.