News: Brokerage

Curley of Cresa Albany leads team for NPA Financial relocation

NPA Financial, a securities and investment advisory firm, has relocated to 9 North Professional Park. Tara Curley of Cresa Albany acted as primary tenant representative for NPA Financial. Cresa Albany staff involved included Leah Capobianco. Doug Marr with Carrow Real Estate Services of Albany represented the landlord, Garner Holdings LLC. Additionally, Cornea Consultants, a medical practice in Slingerlands, is constructing a building at 7 Vista Dr. in the new Vista Technology Park off the Slingerlands Bypass (Rte. 85) close to their current location. The 15,000 s/f building is expected to be completed late this year. The anchor tenant for the plaza, Shop Rite, has already opened. The move will enable the vision correction specialty medical practice to expand to meet projected growth. Cresa Albany acted as buyer representative for Cornea Consultants. Cresa Albany staff involved included Capobianco and Tim Conley, CCIM, SIOR. Joe Nicolla represented the landlord, Columbia Development. BBL is providing construction services for this project. Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: Transaction Management, Project Management, Global Accounts, Portfolio Strategies, Location Planning, Lease Administration, Capital Markets, and Facilities Services. With more than 57 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world's largest commercial real estate services firms; Cresa covers more than 250 locations in 40 countries.
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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,