News: Brokerage

Barile of NorthEast closes $11.775m loan

NorthEast Community Bank closed an $11.775 million loan package on five commercial buildings. The properties are located at: 308 Maltbie St.; 5010 Campuswood Dr., East Syracuse; 5009 Campuswood Dr., East Syracuse; 400 West Division St.; and 5000 Campuswood Dr., East Syracuse. This package was an opportunity for NorthEast to further expand into the area's commercial real estate market. The buildings are all professional facilities with superior construction and outstanding management. Susan Barile, executive VP and chief mortgage officer of NorthEast Community Bank originated the loan along with Aram Pehlivanian of Estreich & Company, a commercial brokerage firm located in New York City. This closing was a snapshot of the future of the bank as it continues to grow after officially programs with competitive rates and loan terms and high quality customer service.
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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.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

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,
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