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.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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,

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

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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

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