News: Brokerage

Finn of CBRE/Syracuse sells Manlius Medical Bldg. for $1.725m

Peter Finn, executive vice president of CB Richard Ellis/Syracuse, represented the seller, a Syracuse based investment group, in the $1.725 million sale of the Manlius Medical/Professional Building, 102 W. Seneca Tpke. Realty USA purchased the 20,000 s/f class A, multi-tenant medical and professional office building, and will occupy the remaining 5,000 s/f of available space. Internist Associates of Central New York, PC, one of CNY's leading internal medicine providers, is one of the major tenants of the building. Louie Fournier, president of Sutton Real Estate, also assisted with the sale. Upon a major restoration of the available space, this building will serve as Realty USA's eastern base of operations serving Onondaga County and beyond. Realty USA is the largest, independent real estate company in New York State with over 60 offices and over 2,300 agents and employees. RealtyUSA is ranked #5 in the United States in terms of the largest independent real estate firms.
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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.
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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 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
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