News: Brokerage

Blake and Sena of Cushman & Wakefield/Pyramid Brokerage Co. broker 63,800 s/f industrial lease

Guy Blake, CCIM, and Nick Sena of Cushman & Wakefield/Pyramid Brokerage Co.'s Hudson Valley office recently brokered the lease of 63,800 s/f of industrial space at 45 Turner Dr. for a distribution center. Blake and Sena represented the owner, The Frassetto Cos., while the tenant, Sunwize Technologies, was represented by San José-based Cresa Partners and Albany-based Conley Associates. "It's a great building for SunWize," said Blake. "It is one of very few in the area that has the s/f and ceiling heights they needed." The 166,700 s/f building is now fully leased to a variety of industrial tenants, including Safelite Auto Glass, Southern Wine and Spirits (also brokered by Pyramid), and Piller, a manufacturer of mission critical power solutions. SunWize Technologies, a Kingston based solar design and manufacturing firm, produces solar power systems for residential, commercial, and industrial applications, and also provides solar energy design services. Last year, SunWize received the Solar Leadership Award at the 2010 New York Solar Industries Conference and continues to make huge strides in the renewable energy arena. They are currently installing the industry's largest solar carport application of 4.45 megawatts of photovoltaic solar production, making use of more than 18,000 solar panels. Cushman & Wakefield / Pyramid Brokerage Company's Hudson Valley office is located at 356 Meadow Ave., Newburgh.
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
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,

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.