News: Brokerage

Hakimi Capital Group acquires Westvale Plaza for $7.004 million

Syracuse, NY According to Byron Hakimi, principal of Hakimi Capital Group, (HCG) the firm has completed the acquisition of a retail shopping center. The acquisition price was $7.004 million.

The subject, known as the Westvale Plaza, is located at 2102-2214 & 2318 West Genesee St. The property consists of 185,000 s/f, and is 67% occuppied. Westvale Plaza LLC was the seller.

HCG owns and manages multi-tenant retail shopping centers, office buildings (medical and professional), single-tenant NNN properties, and mixed-use buildings.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

Hunt CRE question and answer: Choosing a real estate agent - by David Hunt

First, we will only work with one agent exclusively. The primary reason is that we want that agent to legally represent our client’s interests. In New York State, a real estate agent has a fiduciary
The art of investing in real estate - by Thomas Donovan

The art of investing in real estate - by Thomas Donovan

Real estate investing is as much an art as it is a skill. No one can time the market, or the factors that drive it, perfectly. Location, zoning, size, transportation, and neighborhood density give you a baseline for
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.
Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Hunt commercial real estate question and answer: Fortune 500 wisdom - by David Hunt

Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of