News:
Brokerage
Posted: January 17, 2023
Finn and Rupprecht of CBRE Syracuse sell 5,300 s/f for $1.435 million
Lockport, NY CBRE Syracuse sold a 5,300 s/f bank branch and leased 2,400 s/f of office space in separate transactions.
Michael Finn, CCIM and Mark Rupprecht, CCIM of CBRE Syracuse exclusively represented the owner in the sale of 5741 South Transit Rd. (M&T Bank). The property, a 5,300 s/f building on a .19 acre lot, was purchased for $1.435 million by Plaza Group 189, LLC.
Donald French of CBRE Syracuse leased a 2,400 s/f office space in East Syracuse to Ducks Unlimited, Inc. The entire building size is 22,280 s/f and is located at 159 Dwight Park Circle.
Tags:
Brokerage
MORE FROM Brokerage
Williams Equities leases 100,000 s/f at 470 Park Avenue South
Manhattan, NY Williams Equities leased 100,000 s/f of office and retail space at 470 Park Avenue South since acquiring the building 18 months ago.
Quick Hits
Columns and Thought Leadership
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
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
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