Erie Canal Harbor Dev. takes ownership of Gen. Donovan State Office Bldg.
The Erie Canal Harbor Development Corp. recently took over the now-vacant Gen. Donovan State Office Building along the lower end of Main St. By taking ownership of the 148,000 s/f, eight-story building, asbestos remediation and, then, demolition can begin. The building could be demolished within the next 12 months.
"This is another step in the re-building of our waterfront and the realization of the dream that will become Canal Side," said Jordan Levy, harbor development corporation chairman.
The Donovan building along with its across-the-street neighbor, long-vacant Memorial Auditorium, are slated to be demolished to make way for Canal Side's anchor tenant, a 150,000 s/f Bass Pro Outdoor World store. Bass Pro is slated for the Aud while Benderson Development Co. is working with other related tenants for the Donovan site.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 723 6th Ave., a mixed-use building located in the Greenwood Heights section of the city, for $2.65 million.
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
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,
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.
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