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.
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
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
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.
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,