News: Brokerage

Benderson to build retail dev. that includes a 15,000 s/f Rite Aid

The Benderson Development Co. has started work on its first area project that will see a Rite Aid Pharmacy anchor a new retail development proposed for Rte. 5 in eastern Erie County. According to Benderson officials, a 15,000 s/f Rite Aid will be the anchor tenant for the new plaza. The store will replace an older Rite Aid in the Pixley's Plaza off of Rte. 93. "This is really a tenant-driven development," said Eric Recoon, Benderson vice president. Besides the Rite Aid, the plaza will include about 10,000 s/f of fill-in retail. Benderson is working with town officials on the project. Construction won't begin until all the local permits and approvals have been obtained.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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