News: Brokerage

Sullivan and Siegel of CBC Alliance arrange sale of 110 East 40th Street

Coldwell Banker Commercial Alliance's (CBC Alliance) Thomas Sullivan, executive managing director, and Wayne Siegel, senior managing director have arranged the sale of a commercial condominium unit at 110 East 40th St., between Park and Lexington Aves., to DA Grand Central, LLC, a general and cosmetic dentistry practice. Headed by Dr. Daniel Chow and known as Cosmetic Dentistry NYC www.cosmeticdentistnyc.com, the practice is planning to move into the 2,540 s/f ground level professional space by second quarter 2013. "Dr. Chow, who is a well-established practitioner in the Grand Central district, realized the benefits that ownership of his space can offer over leasing in the long-term," said Sullivan. "We were glad to be able to negotiate very good terms for the group." Representing the sponsor, Philips International, were Scott Klau and Zach Weil of Newmark Grubb Knight Frank. To read more stories like this, visit our Front section.
MORE FROM Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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.
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