Albany, NY CBRE-Albany completed the sale of 17 Corporate Cir., a flex facility on four acres containing 44,188 s/f. Tom MacClarence and Kyle Rueckert of CBRE-Albany represented the buyer, 17 Corporate Circle, LLC, and NAI Platform represented the seller, NPI Realty, LLC. The property transferred for $2.15 million.

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,