News: Brokerage

Teplick of Centro Properties leases 2,506 s/f to Sprint at Rockland Plaza

According to Centro Properties Group, a 2,506 s/f lease has been executed with Sprint at Rockland Plaza, located 0.3 miles east of I-287 East/I-87 South from exit 14, on West Rte. 59 at Middleton Rd. (Rte. 33). Gene Berger of Aries Deitch & Endelson, Inc., represented Sprint. Centro Properties Group is the owner of Rockland Plaza and was represented by Steve Teplick with Centro Properties Group. Centro Properties Group is the third largest owner of community and neighborhood shopping centers in the U.S. Its portfolio of more than 600 properties is strategically located across 39 states and aggregates approximately 99 million s/f of gross leasable area. For more information on Centro Properties Group in the U.S., please visit www.centroprop.com.
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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.
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
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