News:
Brokerage
Posted: November 5, 2019
Community Loan Fund of Capital Region expands business incubator: $12 million project to include office, retail and housing
Albany, NY The Community Loan Fund of the Capital Region unveiled its plans for the expansion of its business incubator at an October 17th event. The new business incubator, which will be located at 236 Clinton and attached to 255 Orange, allowing the Loan Fund to build visible and accessible commercial and retail space right into our existing facilities.
The incubator will include 15 new office suites, four storefronts, a dedicated training room, drop-in daycare, as well as 28 one-bedroom and two-bedroom affordable housing units. The expansion will give more space to new start-ups and non-profits and build more commercial activity into a corridor that’s seeing a recent boost in residential activity.
The entire project is expected to cost $12 million, and the Community Loan Fund will be launching a Capital Campaign in November with the goal of raising $3 million to help cover costs. The Loan Fund also plans to host a contest to help name the new building.
Tags:
Brokerage
MORE FROM Brokerage
Adler of Rand Commercial brokers $2.3 million sale of retail assemblage in Yonkers
Yonkers, NY Rand Commercial negotiated the June 12, 2026 sale of an 11,000 s/f retail assemblage at 245, 247, 251, and 253 South Bdwy. for $2.3 million to an owner-user.
Quick Hits
Columns and Thought Leadership
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 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
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.
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
