News: Brokerage

White Management hires 3t to design 6,000 s/f green restaurant

Creo', the new 6,000 s/f restaurant being designed to replace Mangia in Stuyvesant Plaza will have a "green" roof and floors made from cork and others made from 100% recycled rubber, according to owners White Management and progressive Downtown Albany architectural firm 3tarchitects. Mark Burgasser said that the restaurant received full approvals from Guilderland planning and zoning officials. Creo' is Latin for "to create." 3tstudios, 3tarchitects' sister company that focuses on the marketing and branding side of projects, worked with the owner to create the name for their new endeavor. Creo' is being designed to meet USGBC's LEED gold standards. The staff at 3t working on the project are LEED certified designers, including principal Scott Townsend. In addition to having an organic grass rooftop, the interior of the new restaurant will radiant heating systems and mechanical units featuring heat recovery systems, energy efficient lighting as well as tabletops made from compressed 100% recycled paper. 3t principal and founder Scott Townsend has a history on the site and worked previously with White Management to convert a former Howard Johnson's into what became Mangia. Townsend also worked with White on the Bountiful Bread store in Stuyvesant Plaza. The project team is hopeful that demolition and construction could begin as early as June of this year.
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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