News: Brokerage

Burdett of Flaum Management completes $100,000 sale of a 24,073 s/f office/manufacturing building

Flaum Management Co., Inc., has negotiated the $100,000 sale of a 24,073 s/f office/manufacturing building located at 429 State St. in the High Falls District. Scott Burdett, director of marketing for Flaum Management represented the seller. Patrick Dutton of Charter Real Estate Brokerage represented the buyer. 429 State St. is located within the Central Business District one block North of Eastman Kodak's World Headquarters. The building is well positioned for redevelopment within the emerging market. The four-story building, built in the early 1900s, contains a mixture of office, warehouse and manufacturing space. The building was originally home to the Meisenzahl Macaroni Co. in the early 1920s (which later became Prince Macaroni) until being purchased by Eastman Kodak in 1972. Kodak used the property for corporate video production through the '90s until it sold the property in 2003. The most recent owner used the building for storage and office space.
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AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
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A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking