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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,