Category: Brokerage
CBRE arranges $31 million sale of 156-unit Grand Pointe Park to Lexington Property Group
November 8, 2022
Poughkeepsie, NY Representatives of CBRE, led by Jeff Dunne, Richard Gatto, Fahri Ozturk, Eric Apfel, Stuart MacKenzie, and Zach McHale, negotiated the $31 million sale of Grand Pointe Park, a 156-unit multifamily community.
Cleeman Realty Group brokers $15.95m sale of Grand Union Plaza
November 8, 2022
Cortland, NY Cleeman Realty Group brokered the $15.95 million sale of Cortland Grand Union Plaza. The 133,846 s/f shopping center is anchored by a Grand Union grocery store on a 21.6 acre lot.
The Agency readies for demolition of former IBM Country Club for new affordable housing project by ...
November 8, 2022
Union, NY The Agency was joined by Broome County and town of officials to begin the demolition of the former IBM Country Club located at 4301 Watson Blvd. LeChase Construction, Delta Engineers and Gorick Construction will oversee the demolition of the blighted property.
Largo Capital Ltd. places $130 million
November 8, 2022
Montreal, Quebec Kevin Ross, managing director at Largo Capital Limited, arranged $130 million for the refinance of an office building.
Funiciello of JF R.E. sells Rosie’s Sports Pub & Grille
November 8, 2022
Syracuse, NY The 15,256 s/f former Tipperary Hill landmark, Rosie’s Sports Pub & Grille, at 1443 West Genesee St. has sold for $455,000
GreyHill Group acquires 64,536 s/f industrial building from Perry
November 8, 2022
Rochester, NY GreyHill Group has acquired a 64,536 s/f industrial property at 69 Seneca Ave. The one-story building is located in one of the city’s busiest commercial areas.
KABR Group and BTF complete $30m purchase of New City S.C.
November 8, 2022
New City, NY The KABR Group along with its joint venture partner BTF completed the $30 million purchase of the 125,110 s/f New City Shopping Center located at 78 North Main St. The retail site is 96% leased. The asset is in Rockland County’s CBD and less than one hour from New York City.
Van Der Bogart and Dowd of CBRE Syracuse sell 23,672 s/f car dealership
November 8, 2022
Fayetteville, NY Larry Van Der Bogart, and Marty Dowd of CBRE Syracuse exclusively represented the owner in the sale of 5427 North Burdick St.
AmTrust RE signs nine leases totalling 80,000 s/f at 100-120 Madison St.
November 8, 2022
Syracuse, NY AmTrust RE completed nine lease transactions, comprising more than 80,000 s/f at 100-120 Madison St., a two-building, 635,000 s/f office property.
2022 Hudson Valley apartment market - Brian Heine
November 8, 2022
REIT AvalonBay Communities sold the 110-unit Class A Avalon Bronxville, in Westchester County, for $89 million or $809,000 per unit in 2021. A suburban garden apartment complex built in 1998, rents are $3,568-$8,834 per month for the one to three-bedroom apartments; a 2-bedroom 2-bath is advertised for $4.70 per s/f per month.
JLL Capital Markets secures $8.984m in financing for industrial warehouse
November 8, 2022
Albany, NY JLLCapital Markets has arranged $8.984 million in acquisition financing for 136 Fuller Rd., a 266,412 s/f industrial warehouse. JLL worked on behalf of the borrower, Vermont-based Redstone, in securing the 10-year, fixed-rate loan through Capital Bank.
Cap rates or quack rates? - by John Rynne
November 8, 2022
If it looks like a duck and quacks like a duck, it might be a duck; quack, quack!!! As interest rates have escalated in all sectors over the past three quarters so have overall capitalization rates. The 10-year treasuries have escalated 146% from 1.63% to 4.01%.
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