News: Brokerage

DeSarbo of the Bell Group arranges 22,000 s/f lease for Turbo Parts LLC

Turbo Parts LLC has relocated from their Ballston Spa location to 767 Pierce Rd. The move took place in mid-December of 2009. Bob DeSarbo of the Bell Group represented Turbo Parts in the 22,000 s/f lease. The Bell Group is a commercial real estate firm specializing in tenant representation. The Bell Group worked with Turbo Parts LLC in finding a location which met their expanding needs. The result was a location that was four times the size of their prior facility. Additionally, the Bell Group negotiated lease terms for the company as well. The Bell Group worked with John Tracy of CBRE who represented the landlord. Frank Mitola, president of Turbo Parts LLC, said he was "extremely pleased with the job that Bob did for us; very professional and thorough." The Bell Group was founded in 1986 to respond to the need in the marketplace for a real estate consulting firm specializing in tenant representation services in the upstate N.Y. area. Each member of the team brings a unique set of skills to every project. Through each partner's area of expertise, we create a project specific team for every transaction, guaranteeing maximum benefit and protection for our clients. Our experience in construction, development, property management, financing, lease negotiations, acquisition and disposition give us the necessary tools and knowledge to consistently reduce our client's real estate and occupancy costs. For more information, visit www.bellgrouprealestate.com.
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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 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.
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 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