News: Brokerage

Coladonato of C&W/Pyramid Brokerage represents buyer in $4 million sale in Newburgh; Lavelle of Rand Commercial Services acts for seller

John Coladonato,
C&W/Pyramid

 

John Lavelle,
Rand Commercial Services

 

Newburgh, NY Cushman & Wakefield / Pyramid Brokerage Co. (C&W/Pyramid) closed the sale of 15 Governor Dr. and 51 Assembly Way located in Stewart Field. The sale included two buildings with a total of 60,000 s/f on 6.4 acres leased land. 

John Coladonato, director of sales at C&W/Pyramid acted on behalf of the purchaser. The seller was represented by John Lavelle of Rand Commercial Services. 

The property sold for $4 million.

“This was not an easy deal to close,” said Coladonato, “but because the two NYSCAR brokers on this deal worked closely and diligently to overcome numerous obstacles, it got done,” Coladonato said. “However, we could not have finalized this sale if it were not  also for the dedicated efforts of both the seller and buyer who worked together as a team to successfully bring this across the finish line. I am proud to have been a part of this accomplishment.” 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their