News: Brokerage

Dowd and Finn of CBRE | Syracuse rep tenant in 12,311 s/f lease

Peter Finn, executive vice president of CBRE | Syracuse, and Marty Dowd, senior broker, represented the tenant William Graber, MD, PC, in the 10-year lease of 12,311 s/f of medical office space at 125 Business Park Dr. The newly leased suite is on the first floor of the class A professional office building located in the Utica Business Park. John Murphy and Jeff Foster of Summit Realty Management, LLC represented the landlord. Since 2002, Dr. Graber and his team of surgeons have treated more than 5,000 patients at their Utica (Faxton St. Luke's Healthcare) and Syracuse (St. Joseph's Hospital Health Care Center) locations. His practice is dedicated to helping patients with weight loss goals through laparoscopic bariatric surgery. This relocation and expansion of offices is planned for mid-summer.
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Industrial Realty Group acquires 422,727 s/f distribution facility in south St. Paul

St. Paul, MN Industrial Realty Group, LLC (IRG) acquired a 422,727 s/f industrial distribution facility located at 411 Farwell Ave. in south St. Paul. The property was formerly the headquarters of The Sportsman’s Guide, an online and
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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,
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.
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
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