Category: Brokerage
Marx Realty signs 22,000 s/f in
leases at 10 Grand Central
February 11, 2025
Manhattan, NY Marx Realty shared that telemedicine giant Teladoc Health has expanded and extended its lease at 10 Grand Central. The firm will more than double its footprint at the repositioned office tower taking a total of 15,000 s/f in a 10-year deal as it
Swon and Anton of Marcus & Millichap broker sale of two hotel portfolio
February 11, 2025
Syracuse, NY Marcus & Millichap negotiated the sale of a two-property hotel portfolio in Upstate New York. “I am pleased to have successfully transacted this nuanced deal,” said Jerry Swon. “Both hotels will be renovated, with the Staybridge continuing to operate
Perlman of Largo closes multi-family construction loan
February 11, 2025
East Aurora, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc. negotiated the closing of a $1 million multifamily construction loan. The planned units will be within walking distance to grocery stores and the attractions of Main St.
Appraisal Institute’s Upstate courses scheduled in February and May 2025
February 11, 2025
Rochester, NY The Upstate New York Chapter of the Appraisal Institute has two classes currently scheduled for real estate appraisers for continuing education (CE). The February 21st seminar will be the seven hour Residential & Commercial Trends in Ellicottville at the Holiday Valley Resort & Conference Center
February 2025 NYSCAR president’s message - by Robert Strell
February 11, 2025
The New York State Commercial Association of Realtors Board of Governors met on Tuesday, February 4, 2025 at the Crowne Plaza Desmond Hotel in Albany. The following officers were installed for 2025: Robert Strell, WNY, president; Mercedes Brien, Rochester, first vice president; Carolyn Vinci, WNY, second vice president;
2024 Upstate New York apartment market - by Brian Heine
February 11, 2025
Two recent high profile court cases illustrate the difficulties facing the real estate business in New York state. Robert Morgan of Rochester settled his long-running mortgage fraud case for $16.3 million and a single guilty plea while also admitting to no guilt or wrongdoing. The FBI had
Polsinellis of Compass Commercial sell
16,000 s/f retail condo for $16.5 million
February 11, 2025
Manhattan, NY Adelaide Polsinelli, vice chairman, and Trystan Polsinelli, senior executive director of Compass Commercial, negotiated the sale of a 16,000 s/f retail condo with 160 ft. of wraparound frontage located at 350 6th Ave., also known as 88 Washington Place, on the northeast corner of Sixth
Betesh and Bailkin of Arrow Real Estate arranges $42.9 million financing
February 11, 2025
Manhattan, NY Arrow Real Estate Advisors arranged $42.9 million in financing to refinance a multifamily property. The financing was provided by a balance sheet lender and was negotiated by managing partner, Morris Betesh, and senior vice president, Alex Bailkin, of Arrow Real
The Roebling Group leases 25,000 s/f to Patina Rentals
February 11, 2025
Yonkers, NY The Roebling Group brokered a 10-year lease of 25,000 s/f at 16 Harrison Ave. to Patina Rentals. Relocating from the Brooklyn Navy Yard, Patina Rentals selected this site for its affordability and proximity to New York City.
Merchants Capital provides $129.1 million for New York City Housing Authority PACT renovation projec...
February 11, 2025
Bronx, NY Merchants Capital provided $129.1 million in financing for the New York City Housing Authority (NYCHA) $419.6 million renovation of Boston Road Plaza, Boston Secor, and Middletown Plaza (BBM). The renovations will span three housing developments and
Cresa arranges 10-year lease renewal for S. Rothschild at 1407 Broadway
February 11, 2025
Manhattan, NY Cresa managing principal Peter Sabesan and senior vice president Matthew Feigen have arranged a 10-year lease renewal for S. Rothschild at 1407 Broadway. The firm, which has manufactured men’s, women’s, and children’s luxury coats and outerwear for more than 135 years,
Resolution RE finishes 2024 with three back-to-back commercial condo sales
February 11, 2025
Manhattan, NY The commercial condo/co-op sales division of Resolution Real Estate, a member of NAI Global, said goodbye to 2024 with fourth quarter closings of a retail condominium at 5 East 16th St., and two office condominium sales at 32 West
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