News: Brokerage

MacAffer of CBRE secures two sales totaling $770,000; Elkind and Davitt of CBRE close $546,000

According to CB Richard Ellis-Albany, the firm has closed three recent sales: Ann MacAffer, CCIM of CBRE-Albany closed the sale of Unit 309, 18 Division St. in Saratoga Springs which is a 2,685 s/f office condo. The space is located in a five-story condo building known as the Lofts at 18 Division St. H & V Realty sold the property to Century Health Capital, Inc. for $375,000. MacAffer has also completed the sale of 18 Kairnes St. in Colonie, which is a 13,519 s/f warehouse facility within the Railroad Ave. industrial corridor. Hoffman Development Corporation purchased the property for $395,000. Jonathan Elkind and Dan Davitt of CBRE-Albany have completed of the sale at 3 Walker Way in Colonie. Adirondack Glassworks, LLC purchased the building from MEH Realty, LLC. 3 Walker Way is a 7,910 s/f warehouse facility on .52 acres in the Clark Industrial Park. The property sold for $546,000. CBRE-Albany was the broker of record for this transaction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

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
Artificial intelligence in lending - by Lindsay Mesh Lotito

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,
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.