News: Brokerage

Capobianco and Conley of Cresa Albany complete two leases

According to Cresa Albany, the firm has completed the following transactions: Berkshire Bank has leased the Ingersoll Mansion, which was renovated as part of the Mansion Square development, for a new branch location. The site is on State St. near the intersection of Balltown Rd. and will include drive-through service. Leah Capobianco and Tim Conley, CCIM, SIOR, with Cresa Albany served as tenant representative for Berkshire Bank. Kevin Parisi of Trinity Realty Group represented the landlord, Highbridge Development. Key Bank has leased a building for a new branch in the Colonie Plaza located at 1900 Central Ave. in Colonie, one block west of the intersection of Central Ave. and New Karner Rd. The branch building will accommodate drive-through banking. Capobianco and Conley served as tenant representative for Key Bank. The landlord, WP Colonie Associates LLC, was represented by Daniel Zelson with Carter Realty & Development. Cresa is an international corporate real estate advisory firm that exclusively represents tenants and specializes in the delivery of fully integrated real estate services, including: transaction management, project management, global accounts, portfolio strategies, location planning, lease administration, capital markets, and facilities services. With more than 57 offices, Cresa is the largest tenant representation firm in North America. Through its partnership with Savills, one of the world's largest commercial real estate services firms; Cresa covers more than 250 locations in 40 countries.
MORE FROM Brokerage

Residential real estate consultancy and brokerage firm Nancy Packes, Inc. rebrands as NPI

Manhattan, NY The NYC-based premier residential real estate consultancy and brokerage firm, Nancy Packes Inc., has rebranded as NPI. Helmed by Seth Rosner, most recently the firm’s managing partner and now president, the company has been intricately involved in hundreds of Tri-State new developments and conversions, spearheading the full project life cycle, from assessment/pre-dev.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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
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