News: Brokerage

Axcellis Technologies leases 3,000 s/f in Albany

Axcelis Technologies, headquartered in Beverly, Mass,, has recently leased 3,000 s/f of newly constructed space in the Tech Valley Flex Park on Wood Rd. Axcelis Technologies designs, manufactures, and services capital equipment for the semiconductor production industry. They are one of the many support firms and startups anticipated to come to the region due to the presence of Global Foundries. The Cresa national corporate real estate network provided Axcelis with tenant representation services. Cresa gave Axcelis' corporate headquarters direct support through its Boston office, while local market expertise was delivered by Leah Capobianco and Matthew Guidarelli of the Cresa Albany Office. Donald MacElroy represented the landlord, DCG Development, of Clifton Park.
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Columns and Thought Leadership
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
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,
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
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,