News:
Brokerage
Posted: September 7, 2021
Jacobson Properties and Pyramid Brokerage handle sale of Albany medical office portfolio
Albany, NY Lisa Menin of Jacobson Properties and Leo Jones of Pyramid Brokerage Company of Binghamton have completed sale of the Albany Medical Office Portfolio, composed of four institutional grade medical office properties located in the Capital Region. The total sale price was not disclosed. The portfolio contains 119,602 s/f and is 67% occupied by St. Peter’s Health Partners (Trinity Health). The properties involved in the sale are:
- 2 Palisades Dr.;
- 4 Palisades Dr.;
- 5 Palisades Dr.; and
- 2 New Hampshire Ave., Troy, NY.
The portfolio, which is 100% leased, is strategically located close to three St. Peter’s Health Partners hospitals. The portfolio was sold by three local partnerships to a national healthcare real estate investment trust for an undisclosed purchase price. Menin and Jones served as exclusive advisors to the seller.
Tags:
Brokerage
MORE FROM Brokerage
Investment Property Realty Group closes $2.175 million sale of 247 Leonard St.
Brooklyn, NY Investment Property Realty Group (IPRG) closed the sale of 247 Leonard St., a multi-family building located in the Williamsburg section of the city, for $2.175
Quick Hits
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt
You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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 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
Artificial intelligence in lending - by Lindsay Mesh Lotito
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
.gif)
August Promotion
