News:
Brokerage
Posted: October 17, 2016
Hinckley, Simonelli, Oliver and Cruz of HFF close $8 million sale
110 Crystal Run Road - Middletown, NYMiddletown, NY Holliday Fenoglio Fowler, L.P. (HFF) has closed the $8 million sale of two adjacent buildings totaling 68,831 s/f.
Rob Hinckley, HFF
Jose Cruz, HFF100 and 110 Crystal Run Rd., which are located in the healthcare-focused district, near the recently completed Orange Regional Medical Center. The properties have access to I-84 as well as close proximity to Rte. 17, I-87 and the Port Jervis Line, a commuter rail line offering access to Manhattan. The 43,518 s/f 100 Crystal Run Rd. is fully leased to law, consulting and healthcare companies, including DaVita Dialysis Center and Cornerstone Environmental Group, which operates its national headquarters at the property. 110 Crystal Run Rd. is a 95% leased office building totaling 24,480 s/f. Major tenants include Orange Regional Medical Center and Prime Time Early Learning Center.
The HFF investment sales team representing the seller was led by managing director Rob Hinckley, directors Stephen Simonelli and Michael Oliver and senior managing director Jose Cruz.
Tags:
Brokerage
MORE FROM Brokerage
Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million
Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
.jpg)
Quick Hits
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.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower
Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
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
.gif)