Bjornsund of NorthMarq negotiates $2.65m mtge.

Craig Bjornsund, senior VP and managing director of NorthMarq Capital, Inc.'s N.Y.C. regional office, arranged first mortgage financing in the amount of $2.65 million for Toys 'R' Us and Summit Plaza. Financing was based on a 10-year term with a 25-year amortization schedule and was arranged for the borrower, Goodrich Cicero LLC, by NorthMarq through its correspondent relationship with Sun Life of Canada.

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Dance Studio extends 5,000 s/f lease at Koeppel Rosen’s 37 W. 37th St.

Manhattan, NY Koeppel Rosen LLC closed a 5,000 s/f, long-term lease extension for DWM Dance Studio Midtown LLC (Dance With Me) on the entire second floor of 37 West 37^th St.

GFP Real Estate leases 18,849 s/f to five tenants at 515 Madison Ave.

GFP leases 18,849 s/f to five tenants at 515 Madison Ave.

Ariel Property Advisors arranges $7 million sale of 22,500 s/f development site

Ariel arranges $7m sale of 22,500 s/f Brooklyn site

Meridian Capital Group arrange...

Houlihan Lawrence Commercial sells residential development site for $2.1 million

Houlihan Lawrence sells development site for $2.1m

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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.

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

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

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,