News: Brokerage

CBRE | Syracuse completes three sales totaling $3.0325 million

Michael Finn, managing partner of CBRE | Syracuse, announces recent commercial real estate transactions: Marty Dowd and David Thomas were the sole brokers in the $1.4 million sale of Old Boorne Dr., Clinton, a multifamily property consisting of four, two-story buildings with a total of 48 units. EF Capital, LLC purchased the property from Old Carriage Apartments, LLC. Robert Nelson exclusively brokered the $1,332,500 sale of 422 College Heights, Watertown, which included two, three-story buildings with 30 garden/low-rise apartments. Jefferson Heights, LLC purchased the property from Prime, LLC. Thomas exclusively brokered the $300,000 sale of The Cleveland House Apartments, 8 Main St., Adams. An investor purchased the property from First Niagara Bank, which recently foreclosed on the building. CBRE/Thomas also provided receivership services for the building throughout the foreclosure process. The Cleveland House Apartments is a four-story mixed-use commercial building with 19 residential units and first floor professional office space.
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,
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,

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
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