Axiom Capital arranges $3.1 million permanent financing

Greece, NY Axiom Capital Corp. has arranged $3.1 million in permanent financing for the refinance of a retail/ office plaza. The non-recourse loan was for 10 years at a fixed rate amortized over 30 years. The loan demonstrated a sub 60% LTV with a strong DSCR.

The plaza is located along the area’s major retail and traffic corridor with access and visibility with average daily traffic count of over 35,000 vehicles. The plaza is a premier strip center in the area offering a variety of shopping options, professional and medical services and other conveniences. With outdoor covered promenades, extended overhangs, comprehensive landscaping and artistic touches, the plaza has become a go to place for local residents to shop, eat, work and play.

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CBRE leases 9,527 s/f to Cypress Creek Renewables at 530 Fifth Ave.

Manhattan, NY In a transaction arranged by CBRE, Cypress Creek Renewables, a solar and energy storage developer and independent power producer, has inked a 9,527 s/f office lease at 530 Fifth Ave. The firm will occupy part of the 17^th floor

Brookfield Properties welcomes TABLET WORKS to Brookfield Place

Brookfield Props. welcomes TABLET WORKS to Brookfield Pl.

Horizon Kinetics relocates new headquarters to Tishman Speyer’s Rockefeller Center

Horizon Kinetics relocates to Tishman Speyer’s Rockefeller Center

JLL Capital Markets facilitates $30.75 million sale of 1 North Main St. to KABR Group

JLL facilitates $30.75m sale of 1 North Main St. to KABR

Hanna Commercial Real Estate brokers Agri-Plastics 64,000 s/f manufacturing facility lease at Uniland’s 2 Steelworkers Way

Hanna Comm'l. brokers Agri-Plastics 64,000 s/f lease at Uniland’s 2 Steelworkers Way

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Columns and Thought Leadership

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

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.

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