News:
Brokerage
Posted: November 22, 2022
Watkins and Algarin of The Oak & Avery Group broker four Westchester sales - $6.16 million
White Plains, NY The Oak & Avery Group negotiated the sale of four Westchester County properties totaling $6.16 million.
• 54-60 Russell St., White Plains, a 15-unit mixed-use assemblage purchased by a NYC-based firm, Russell Portfolio LLC, for $2.71 million,
• 33 Huguenot St., New Rochelle, a 5-unit multifamily building purchased by White Plains-based Westchester County Management, for $1.2 million,
• 21-23 Saint Charles St., Thornwood, a 5,200 s/f office/industrial building, purchased by Dimensional Corp. for $900,000 and,
• 142-144 S Highland Ave., Ossining, a 7,200 s/f office/retail building, purchased by Sachin Shah for $1.3 million.
Anthony Watkins, president, and David Algarin, vice president, represented the sellers in all transactions.
Tags:
Brokerage
MORE FROM Brokerage
Delisle and Monahan of Island Associates lease 45,000 s/f to Giunta’s Meat Farms at Strathmore Commons
Middle Island, NY Roger Delisle and Robert Monahan of Island Associates negotiated the lease for the Giunta’s Meat Farms to occupy 45,000 s/f at Strathmore Commons.
.jpg)
Quick Hits
.gif)
Columns and Thought Leadership
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
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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
.gif)