News: Brokerage

Bucci of Sutton Real Estate brokers $1.45 million in student housing sale; Jobson completes $325,000 sale of Lennox Home Retail

Syracuse, NY Sutton Real Estate completed the following sales totaling $1.775 million: • Andrea Bucci brokered the sale of a Syracuse University Student Housing property for $1.45 million. The properties are located at 423 Euclid Ave./826-28 Ackerman Ave., Syracuse. The seller was SHCP1, LLC and the buyer was the Barrington Realty Group. • Keri Jobson in the Watertown office of Sutton brokered the sale of Lennox Home Retail and Warehouse property in Watertown for $325,000. The property is located at 22500 US Rte. 11. The seller was Jon Lennox and the buyer was Wells Church.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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.