News: Brokerage

CBRE/Syracuse completes 5 transactions totaling 197,289 s/f

According to Michael Finn, managing partner of CB Richard Ellis/Syracuse, N.Y., LLC, the company has completed the following commercial real estate transactions: Rome investment property sold for $1.65 million Marty Dowd and Dave Thomas exclusively brokered the $1.65 million sale of 421 Ridge St., Rome. The 30,000 s/f investment grade property is occupied by PAR Government, a provider of information management solutions. The New York City ownership sold the office building to a West Coast investment group. CBRE brokers $1 million manufacturing facility sale Mark Rupprecht, CCIM, and Thomas represented the seller Coleman Cable in the $1 million sale of 42 Wire Dr., Oswego. The 105,938 s/f former manufacturing facility will be converted to a distribution center. Internist Associates renews lease Peter Finn, executive vice president, and Thomas, represented Internist Associates of Central New York in the lease renewal of 28,251 s/f at 739 Irving Ave., Syracuse. Lemoyne Ave. lease renewed Larry Van Der Bogart represented the landlord in a lease renewal of 18,100 s/f for RMP Powertrain Solutions at 1901 Lemoyne Ave., Syracuse. Company buys Court Street Rd. building as corporate office Rupprecht represented the seller Alan Braverman in the $475,000 sale of 6060 Court Street Rd., DeWitt. King Triad Development, of Syracuse, bought the 15,000 s/f building for its corporate office. The Oliva Companies represented the buyer.
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Columns and Thought Leadership
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

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
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
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

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
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,