DeSantis of Cushman &Wakefield and Wilson of Pyramid complete $5 million sale

Cushman & Wakefield executive director Michael DeSantis, of Los Angeles, Calif., and Maureen Wilson, president of Pyramid Brokerage in Binghamton, a Cushman affiliate, represented the seller, The Tribune Company, in the industrial sale of a 164,000 s/f warehouse and office facility. The property, located on 136 Carlin Rd., was sold to Reed Elsevier for $5 million. The property was occupied by LexisNexis, a subsidiary of Reed Elsevier that publishes and distributes legal texts. LexisNexis will remain in the building. The buyer was represented by the New York City and Syracuse offices of CB Richard Ellis.

Tags: Brokerage

Reprint

Previous Story Next Story

AmTrustRE completes $211m acquisition of 250 Madison Ave.

Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring

Area 15 welcomes new tenant openings, signs more experiences coming

SABRE coordinates sale of six properties totaling 199,845 s/f

Polsinelli and Curcio of Compass arrange 22,000 s/f Urban Umbrella lease

Project REAP honored by ICSC for leadership and impact in Commercial Real Estate

READ ON THE GO

DIGITAL EDITIONS

Browse Now

Quick Hits

Construction Design & Engineering

EP Inspections + Commissioning delivers special inspections for Hinomi’s showroom

Columns and Thought Leadership

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.

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.

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

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