CBRE-Albany secures 2 sales totaling $1.25 million
CBRE-Albany arranged the following sales totaling $1.25 million and an 8,042 s/f lease:
* CBRE-Albany arranged the sale of 900 Albany Shaker Rd. in Colonie. The property is a 21,000 s/f office/lab/distribution facility on 4.62 acres. John MacAffer of CBRE-Albany represented the purchaser, KESAC, LLC and Prudential Blake Atlantic represented the seller, Ernest F. Fullam, Inc. The property transferred for $450,000.
* CBRE-Albany arranged the sale of 2222 Central Ave., Colonie, a 2,460 s/f Hess minimart/gas station on ±1.1 acres. Eric Simonds, CCIM, of CBRE-Albany represented the seller, The Estate of Elaine Parente, and Bicentennial Realty represented the buyer, Absar Bhatti, in this transaction. The property transferred for $800,000.
* CBRE-Albany arranged a lease of 8,042 s/f at One Apollo Dr. in the city of Glens Falls to Tribune Media Services, LLC. Craig Darby, Jeff Sperry, SIOR and Eileen Lindburg, SIOR of CBRE-Albany were the brokers of record for the transaction.
Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their