News: Brokerage

Tyksinski, Harder and Slote of NAI Platform rep tenant in 62,750 s/f lease

Cory Tyksinski, Jim Harder and Daniel Slote of NAI Platform, exclusively represented G-Tech Corp, on a 62,750 s/f office/warehouse seven-year lease transaction at 25 Avis Dr. G-Tech, who supplies video equipment to New York State, is set to take possession of the space later this summer. The building, which is owned and maintained in excellent condition by Fortin Properties, LLC was represented by Steven Lerner of Vanguard-Fine, LLC. NAI Platform's experienced team includes 18 commercial specialists with approximately 200 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 billion. NAI Platform specializes in Office, Industrial, Land, Retail, Investment, Nonprofit, and Multi-Family. NAI Platform is located at 14 Corporate Woods Boulevard, Albany, NY 12211. The telephone number is (518) 465-1400 and facsimile line is (518) 465-1441. To learn more, visit www.naiplatform.com.
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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
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
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.
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