Category: Brokerage
HUB International releases its 2024 outlook to help owners and investors find opportunity in risk ma...
January 30, 2024
High interest rates and weather-related disasters will continue to have a significant effect on the real estate industry in 2024. Catastrophes and weather events, technology issues, crime and nuclear verdicts will evolve, straining profits and resulting
Lancewood Capital provides $21.5 million condo inventory loan for 1295 Madison Ave.
January 16, 2024
Manhattan, NY Lancewood Capital provided a $21.5 million condo inventory loan to finance a newly-developed condo building located at 1295 Madison Ave. in the Carnegie Hill neighborhood.
Pyramid Management Group secures loan extension on 1.7 million s/f Crossgates
January 16, 2024
Albany, NY Pyramid Management Group has worked with its lenders to extend the loan on its Crossgates property for five years. Crossgates is a 1.7 million s/f enclosed shopping center that generates $400 million in annual sales with nearly 10
Highcap Group and Meridian Capital sell
40,000 s/f for $22 million
January 16, 2024
Manhattan, NY The original Barney’s flagship location at 115 7th Ave., has been sold, from the lender Argentic Management who took over the property after foreclosure to an undisclosed group of investors for $22 million in a closing
Sabal, Bsafal and Argo R.E. form joint venture to provide $64.5 million loan to refinance LaGuardia ...
January 16, 2024
Queens, NY Sabal Investment Holdings (Sabal), Bsafal Inc. (Bsafal), and Argo Real Estate (Argo), formed a joint venture partnership to provide a $64.5 million fully-funded loan to finance the conversion of the LaGuardia Plaza Hotel
Progress Capital arranges $19.7 million construction loan for self-storage facility
January 16, 2024
Rockaway, NY Kathy Anderson and Caillin Boles of Progress Capital secured a $19.725 million construction loan for the development of a self-storage facility on Rockaway Beach Blvd., owned by Dino Tomassetti, Jr. of Asset Realty & Construction Group.
Colliers arranges $38 million sale of
13,580 s/f 560 Fifth Ave.
January 16, 2024
Manhattan, NY Colliers has arranged the $38 million sale of 560 Fifth Ave. At nearly $2,800 per s/f, this sale represents the highest post-pandemic price per s/f for a full building on Fifth Ave. This is the the first time the property has sold in over 50 years
Rochester Area Chapter of NYSCAR names Rooney and West to board of directors
January 16, 2024
Rochester, NY The Rochester Area Chapter of the New York State Commercial Association of Realtors (RAC NYSCAR) has named two new board directors for 2024: Adam Rooney, Benchmark Realty Advisors, LLC, and Laura West, Coldwell Banker Commercial
Stewart of Pyramid Brokerage Co. leases 65,000 s/f to KPM Exceptional at Uniland Development Company...
January 16, 2024
Lackawanna, NY Recently completed and tenant ready, Uniland Development Company’s second spec industrial warehouse facility at Renaissance Commerce Park has announced its first tenant will be KPM Exceptional LLC (KPM) headquartered in
Kyle Ciminelli named president of Ciminelli Real Estate Corp.
January 16, 2024
Buffalo, NY Ciminelli Real Estate Corp. reached a milestone in the real estate ?rm’s growth. President and CEO Paul Ciminelli named his son Kyle as president of the company. Formerly executive vice, Kyle will continue to work
NYSCAR president’s message: A look back and ahead - by Robert Strell
January 16, 2024
I’d like to thank everyone for their support during 2023. NYSCAR has always strived to provide the membership with comprehensive networking/marketing opportunities and quality commercial education.
Giniecki of Foresite Realty Advisors
January 16, 2024
Schenectady, NY Sadly, on December 21, 2023, we lost NYSCAR friend and colleague, Robert Giniecki, CCIM, SEC (Foresite Realty Advisors). As a founding board member of NYSCAR and steadfast supporter through the years, Giniecki worked
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