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
JLL Capital Markets arranges the sale and secures the financing for Jefferson Valley Self Storage facility sale to Horizon Storage Group
Jefferson Valley, NY JLL Capital Markets arranged the sale and facilitated the financing for Jefferson Valley Self Storage, a 405-unit self-storage facility.
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