News: Brokerage

Kutikov and Heeps of RedMark Rlty. complete four sale transactions

Albany, NY According to RedMark Realty LLC, the firm has completed the following transactions:

Alex Kutikov and Gordon Heeps of RedMark with Crisafulli Associates, LLC brokered a 3-year lease of 3,000 s/f at 1466 Rte. 9 in Halfmoon, between Linzak, LLC and Phelps Gym, LLC. RedMark represented the landlord.

Kutikov and Heeps with NAI Platform brokered the sale of 728 Madison Ave. for $300,000 between Corporation of the Latter-Day Saints and The Albany Damien Center, Inc.

Kutikov and Heeps with Donald Cepiel of RedMark brokered a 5-year lease of 3,035 s/f at City Station West in Troy, between Picnic Gardens Restaurants, Inc. and City Station West, LLC.

Cepiel, Kutikov and Heeps brokered a 3-year lease of 1,250 s/f at Valley Plaza in New Lebanon between Sandbox Corp. and the Brauser Group.

Kutikov and Heeps with Berkshire Hathaway/Hudson Valley Properties brokered a 15-year ground lease in Pawling between AutoZone Parts, Inc. and Fayne Daniels and C. Ross Daniesl, Ju. Trustees. RedMark represented the tenant.

Kutikov and Heeps with Ikon Realty Group brokered the sale of 158 Wolf Rd. in Colonie between AMJ Wolf Corp. and 158 Wolf Road, LLC for $1.585 million.

Kutikov and Heeps brokered the sale of a 8 parcel assemblage totaling 1.5+/- acres to Dearborn Land Investment, LLC at the intersection of Guilderland Ave. and Curry Rd. in Schenectady. The property is to be developed as a CVS.

Kutikov and Heeps with Vanguard-Fine, LLC brokered the sale of 806 Saratoga Rd. in Burnt Hill between Landmark Realty II, LLC and Penfieldwood, LLC for $1.55 million. RedMark represented the seller.

Kutikov and Heeps with Roohan Realty brokered a lease of 17,625 s/f at 1 Racemark Way in Malta between Yellowstone Holding, LLC and Applied Materials, Inc. RedMark represented the landlord.

Kutikov and Heeps brokered the 20-year ground lease at the Northeast Corner of Maxwell Dr. and Park Ave. in Clifton Park between Capital Bank and the Windsor Cos.

Kutikov and Heeps and Connor Kuhn of RedMark Realty with Crisafulli Associates, LLC brokered a lease of 1,200 s/f at 640 New Loudon Rd. in Latham between Amna Enterprises and Capital Region Home Care.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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