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
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.
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
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,