News: Brokerage

Warshauer of FirstService Williams brokers 40,000 s/f lease in Long Island

FirstService Williams represented Aggreko in negotiating a 40,000 s/f lease at 115 Amfesco Dr. The Long Island transaction calls for 10,000 s/f of build-to-suit warehouse space and 30,000 s/f of yard space. Industrial developer Steel Equities is the landlord. Richard Warshauer, senior managing director, FirstService Williams, arranged the five-year lease, including a five-year renewal option. "Aggreko is a prominent international utility specialist with expansion needs, and for some time has been seeking a strategic location in Nassau County," said Warshauer. "The problem was that the type of space Aggreko required—warehouse with about three times the amount of yard area—basically doesn't exist. We had to find a developer that had the resources and imagination to think past the obvious. The Steel Equities site was the perfect solution."
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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
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
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.