News:
Brokerage
Posted: August 3, 2021
Malagisi and Hardisty of SVN Commercial Realty sell storage portfolio
Buffalo, NY Nick Malagisi, SIOR and Hans Hardisty, MBA, CCIM on SVN’s National Self-Storage Brokerage and Consulting Council have completed a seven-property sale. The transaction included five large, stabilized facilities and two expansion projects. All of the properties were located in New Jersey and within a two-hour driving distance. The portfolio included 393,400 net rentable s/f and 3,147 units.
All units were single-story, and while the facilities were built in the mid-1980’s, they are well maintained.
According to Hardisty, “Given the confidential nature of the sale, the exact sale price or low cap rate cannot be shared. However, we can say that this was one of the largest sales in SVN’s 34-year history.”
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Columns and Thought Leadership
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
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
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
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
