News: Brokerage

Thornton of Thornton Tomasetti awarded 2008 Henry C. Turner Prize on Sept. 9th

The National Building Museum presented the 2008 Henry C. Turner Prize for Innovation in Construction Technology to Charles Thornton, Ph.D., P.E., co-founder of Thornton Tomasetti, Inc., the international engineering design firm and founder of the Architecture, Construction and Engineering (ACE) Mentor Program of America, on September 9th at the National Building Museum. The Turner Prize, named after the founder of Turner Construction Co., recognizes an invention, an innovative methodology, and/or exceptional leadership by an individual or team of individuals in construction technology. The prize carries a cash award of $25,000 from an endowment established by Turner Construction Co. Through his inspirational work in founding the ACE Mentor Program, Thornton introduces high school students to careers in the building arts and sciences. ACE and Thornton have worked to connect students with mentors in the profession and provide college scholarships. Thornton has helped grow the ACE Mentoring Program of America into a national program with affiliate organizations in 31 states, and involvement of 45,000 students nationwide.
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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.
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