News: Brokerage

Bouck of Bouck Real Estate secures $305,000 sale of "Whispering Winds"; 12-unit motel on two acres bought by Puzo Properties

John Bouck, president of Bouck Real Estate revealed the $305,000 sale of the "Whispering Winds" Motel, situated at 4221 E. Genesee St., one mile west of Skaneateles. The sale of the 12-unit motel and two acres of land, "Ensures the continuation of adequate hospitality rooms in the Skaneateles area through the foreseeable future," said Bouck. The hotel has been owned and operated by Whispering Winds Motel, LLC, since 1999. Bouck said, "It has consistently had an excellent seasonal occupancy rate, and is an asset to the area." The new owners are Puzo Properties, of Groton, NY, who have already begun to make improvements. They are currently re-furnishing the rooms and will also be making upgrades to modernize the motel. Bouck said, "The property will be an excellent medium motel that will continue to serve the area with totally upgraded facilities. The motel is situated a very short distance from the Village of Skaneateles, on major Route 20, which has provided an excellent occupancy rate. While it is a essentially a seasonal motel, it has always been well maintained and attractive. We are confident that it will remain an asset to the area. Additionally, it also shows the confidence of the new owners in this Central New York community."
MORE FROM Brokerage

Century Cricket Centre to open first U.S. location near Bryant Park in 14,000 s/f lease

Manhattan, NY Century Cricket Centre, an Australian-backed indoor cricket and sports-tech concept, will open its first U.S. location in a 14,000 s/f at 25 W. 39th St. near Bryant Park following a 15-year lease arranged by Lee
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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,
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