News: Brokerage

CBRE/Syracuse brokers $578,000 in sales and 12,600 s/f for two leases

According to Michael Finn, managing partner of CB Richard Ellis/Syracuse, the company has completed three sales totaling $578,000 and two leases totaling 12,600 s/f. Peter Finn, executive VP, and Larry Van Der Bogart, of CBRE, represented Midler Court Realty, LLC, in the $500,000 sale of 6040 Tarbell Rd. The 60,000 s/f building was formerly occupied by Fiserv/JP Morgan. The new owner, Pemco Properties, plans to redevelop the building into a multi-tenant office/flex building. Marty Dowd and Dave Thomas of CBRE brokered the $45,000 sale of 106 W. Liberty St., Rome, to Rofin, LLC. The 5,000 s/f office/retail building is part of Portfolio Roma, a 171,000 s/f portfolio of office buildings. Paul Roach of CBRE brokered the $33,000 sale of 25 acres on Rockwell Rd., Syracuse. Patrick and Connie Shaffer purchased the land, which is adjacent to their residential property, from John McDonald and the SPCA of Florida. Van Der Bogart represented Northrop Grumman in the 7,800 s/f renewal of office space at 555 French Rd., New Hartford. He also represented Cardinal Health in the 4,800 s/f renewal of office space at 6075 E. Molloy Rd., East Syracuse.
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,

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,
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