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.
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Columns and Thought Leadership
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 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