CB Richard Ellis/Albany has brokered two leases totaling 3,045 s/f. The deals include:
* Jonathan Elkin of CBRE/Albany brokered a 1,200 s/f lease at 2 Halfmoon Executive Park Dr. for CorePay, Inc. The landlord is Yellow Dog Realty, LLC.
* Jeff Sperry, SIOR, and Tom Savino of CBRE/Albany brokered a 1,845 s/f lease at 950 New Loudon Rd., Colonie to Bajan Group. The landlord is 950 New Loudon Rd., LLC.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
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
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.