News: Brokerage

CBRE-Albany arrange two sales totaling $2.572 million and two leases totaling 11,671 s/f

According to CB Richard Ellis | Albany, it has completed two sales totaling $2.572 million, and two leases totaling 11,671 s/f. Dan Davitt of CBRE-Albany has completed the sale of 4292 Albany St. 4292 Albany Street LLC purchased the 40,200 s/f warehouse facility from Joseph & Lorraine Sousa for $1.397 million. Gordon Furlani of CBRE-Albany represented the seller, Clark Trading Corp., in the sale of 22 Warehouse Row. Scannell Properties purchased the 6.04 acres of vacant land for $1.175 million. NAI Platform represented the buyer. Craig Darby of CBRE-Albany completed the lease at Building 25, Northeastern Industrial Park in Guilderland Center. Tri-Anim Health Services leased 10,712 s/f of warehouse space from the Galesi Group. Tom Savino and Laurie Tylenda completed a lease at 2 Rosell Dr., Clifton Park. Kokusai Semiconductor Equipment Corp. leased 959 s/f from Abele Ushers LLC in the 4,800 s/f building. CBRE-Albany was the broker of record for this transaction.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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,

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
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,