News: Brokerage

Cannata-LaRocca, Nave and Tyminski of Sutton lease 2,670 s/f; firm also closes sale of two hotels

Kristen Nave

 

Karen Cannata-LaRocca

 

Ken Tyminski 

 

Syracuse, NY Sutton Real Estate completed the following:

• Kristen Nave and Karen Cannata-LaRocca represented the landlord in the lease of a 2,670 s/f restaurant space at Creekwalk Commons, located at 324 West Water St. in Downtown Syracuse. Ken Tyminski represented the tenant, Gaudalajara Mexican Restaurant. The restaurant joins the mixed-use building with Café-Kubal and Talking Cursive Brewing Co., as well as 75 apartments.

• Crown City Hospitality, LLC and 470 Parkway Realty, LLC purchased Ramada Inn and Red Roof Inn, in Cortland. Kevin Valente and Stephen Saleski of Sutton Real Estate Company, LLC and Ten-X Commercial acted on behalf of the seller, The Mint Bank. The sale price for this all-cash deal was not disclosed.

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,

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,
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