News: Brokerage

Kennedy of Largo arranges $1.3m mtge. for two-story bldg.

Christopher Kennedy, account executive for the Largo Group of Companies, arranged a permanent first mortgage in the amount of $1.3 million to refinance the existing debt on a two-story flex building located on 11 Round Lake Rd. The property is 100% occupied with VMJR Companies, Living Resources, Coretech Engi­neering and Caltest Corp as its tenants. The loan structure consisted of a 10-year fixed rate with a 25-year amortization schedule. The borrower is involved in numerous local organiza­tions and has dedicated much of his time to promoting economic development in the Capital Region.
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.
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
Positive forecast for New York’s pro-housing push? - by Philip Butler

Positive forecast for New York’s pro-housing push? - by Philip Butler

New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
A guide to finding the right NYC property management company - by Sanjay Gandhi

A guide to finding the right NYC property management company - by Sanjay Gandhi

Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional