News: Brokerage

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.
MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.
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