News: Brokerage

WNY NYSCAR to hold monthly meeting May 20

The WNY chapter of the New York State Commercial Association of Realtors (NYSCAR) will hold their monthly chapter meeting on May 20. The Appraisers Panel will be the guest speakers. The panel consists of: Michael Gluc of Northeastern Appraisal, Ronald Rubino of GAR Appraisal and Robert Strell of MBA Appraisal. The topic is WNY Market Commercial Property Value's and Past and Current Cap Rates. The meeting will be held at the Holiday Inn at 1881 Niagara Falls Blvd. The sign-in and networking will run from 8:15 to 8:30 a.m. The buffet breakfast and guest speaker portion of the meeting will run from 8:30 to 10 a.m. Reservations are required. Please RSVP by Tuesday May 18 to Kathryn Perrone of Hunt Commercial Real Estate at (716) 880-1919 or at [email protected]. Please specify which meeting you will be attending. The event is free for WNY NYSCAR members and $15 for non-members, payable at the door.
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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
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.
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