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Food and beverage sector gains ground in warehouse leasing


Home of the Blue Point Brewery and event space with 100,000sf of space on nearly 10 acres at Patchogue Lake, with great water views and an iconic clock tower as it’s focal point. A recent multi-million-dollar renovation was made to accommodate the brewery which is equipped with an entertainment venue as well as tasting rooms… Read more »

The Death of a Co-working Startup Highlights User Experience vs. Unit Economics


Stroll through any major city in the United States and you’re sure to find an excess of completely built out, potentially useful, vacant spaces. Whether it’s a restaurant only open for dinner or a vacant retailer, there is no lack of finished, usable space. Spacious saw these vacancies as opportunities and sought to occupy them… Read more »

After Historic Low, What’s Next for Net Lease Cap Rates?


Cap rates remain at low levels due to the historically low interest rate environment combined with a robust economy. Despite the decrease in cap rates, the spread between asking and closed cap rates for retail and office properties widened by 6 and 2 basis points respectively. Real estate investors believe we are in the late… Read more »

Blackstone picks up Canarsie shopping plaza for $130M


The Blackstone Group bought Canarsie Plaza, a 274,000-square-foot shopping center anchored by BJ’s Wholesale Club in southeast Brooklyn for around $130 million. The seller was Los Angeles–based CIM Group. JLL brokered the deal on behalf of the seller. CIM has owned the shopping center at the intersection of Remsen Avenue and Avenue D since it… Read more »

Brokerage Beyond Basics: Successful Approaches to a Difficult Market


For some brokers, a rapidly fluctuating market is a source of anxiety. For Morris Betesh, senior managing director of Meridian Capital Group, and his team of eight, it’s a source of excitement. And lately, there’s been plenty of it as he and his team are closing an average of 60 deals annually. How do they… Read more »

9 Big New York Infrastructure Projects


While New York City is an innovative and influential global metropolis, its aging and outdated mass transit infrastructure has not kept pace with other leading cities around the world. But leaders like Gov. Andrew Cuomo and New York City Council Speaker Corey Johnson have been looking to transform New York’s image – both downstate and… Read more »

Industrial Outlook Calls for Steady Growth in 2020


Despite concerns about the long-term impact of tariffs and the potential for an economic downturn, the outlook for the U.S. industrial sector heading into 2020 remains positive, according to industry executives who spoke at the recent Avison Young U.S. Industrial Summit in Chicago. The sector experts cited low vacancy rates and rising rental rates among… Read more »

Commercial Market Much Stronger Than Headlines Imply


Over the past decade, New York City has experienced a period of strong economic growth driving an increase in jobs, commercial investment, and unprecedented demand to live and work in the five boroughs. As a result of this economic expansion our commercial real estate market continues to thrive and poised for success for the remainder… Read more »

Commercial Real Estate Investing 101: How to Get Started


If you’re looking to get into commercial real estate, FortuneBuilders offers advanced and comprehensive investing education courses and guides that contain virtually everything you need to know to get started. “According to the NCREIF Property Index (NPI), “the top-performing CRE sector right now is industrial.”  Comprised of warehouses, manufacturing facilities, refrigeration and storage assets, data… Read more »

When It Comes to Valuing Property, There Is No Such Thing as the Perfect Model


When it comes to understanding a building’s value, you want to work with a broker that offers a practical, street-wise approach and a brokerage that specializes in developing, managing, selling, leasing and marketing commercial and industrial property. At KDA we do all of that and more. And we know how to value buildings and make… Read more »

Investors and Stakeholders Still Maintain and Strong Outlook for Long Island City


Long Island City’s commercial real estate market has seen its fair share of challenges. For years it has been flooded with luxury rental units, faced high office vacancy rates, few retailers and the very public tumult of the Amazon HQ2 deal collapse. But investors and stakeholders in the neighborhood still maintain a strong long-term outlook…. Read more »

Private Companies Have Another Year To Deal With New Lease Accounting Standards, And They’ll Probably Need It


The Financial Accounting Standards Board has given U.S. private companies and nonprofits another year to start treating their operating leases as liabilities on their balance sheets. Now they have to do so beginning in their first fiscal year after Dec. 15, 2020, rather than after Dec. 15, 2019, as originally planned. BISNOW Photo by Helloquence… Read more »

What’s Behind Medical Office Buildings’ Strong Trajectory


Healthcare real estate, specifically medical office buildings, are poised for further success. Medical office buildings comprise approximately 10% percent of the US office sector. These buildings are typically about 40,000 square feet and range from small physician offices to large healthcare systems. Investors are attracted to this asset class due to its stability and positive… Read more »

Moody’s National Office Market – Q3 Trends – NYC Vacancy Declined


According to Moody’s Analytics REIS National Office Market Trends for Q3: The Office vacancy rate was flat in the quarter at 16.8%. In the third quarter of 2018, it was 16.7%. Overall vacancy has declined only 0.3% in the last five years. New York City saw steady net absorption as vacancy declined 0.2% to 7.9%,… Read more »

Streaming TV Services Driving Demand for Sound Stages in Queens, Bronx and Brooklyn


Since their opening decades earlier, Kaufman and Silvercup Studios in Long Island City have proven the viability of NYC’s film and tv business. Now, with new streaming video players like Netflix, Showtime, Hulu Amazon and others creating original content, production crews are flocking to the Big Apple drawn by the area’s transportation options, large lot… Read more »

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