News: Brokerage

Mayor Brown introduces "5 in 5" Demolition Plan

Mayor Byron Brown recently launched his new "5 in 5" Demolition Plan. The plan targets demolishing over 5,000 structures in five years. The estimated cost of this initiative, over five years, is $100 million, with an anticipated contribution of $60 million from NYS, $20 million from the city, $15 million from the federal government and $5 million from a city-community matching fund program (city will match goal of $2.5 million raised from community funding sources). "The '5 in 5' Demolition Plan will be an accelerated, comprehensive, citywide attack on the dangers and blight of vacant structures," said Brown. "Buffalo's high vacancy rate is a serious problem that must be treated aggressively and the new '5 in 5' Plan will do just that."
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Columns and Thought Leadership
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
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