News: Brokerage

McLaughlin of NAI Platform brokers 1,650 s/f office lease in Albany

A four-year lease for 1,650 s/f of office space located at 706 Madison Ave. was entered into by Project Equality, lessee and Albany Properties LLC, lessor. The transaction was brokered by Felton McLaughlin of NAI Platform. The brick Madison Ave. mansion sporting Victorian detail was converted to a medical office decades ago and later served as home to a foundation that studied aging. Recently, it was the temporary headquarters for the successful "Paul Tonko for Congress Campaign." Now the first floor office space will accommodate the needs of Project Equality, a group practice that provides counseling and therapy services to couples dealing with domestic violence. NAI Platform's experienced team includes 18 commercial specialists with approximately 200 years of combined real estate experience. Their professionals have been responsible for some of upstate New York's most significant deals, building a remarkable track record of transactions with an approximate combined dollar value of over $2 billion. NAI Platform specializes in Office, Industrial, Land, Retail, Investment, Nonprofit, and Multi-Family. NAI Platform is located at 14 Corporate Woods Boulevard, Albany, NY 12211. The telephone number is (518) 465-1400 and facsimile line is (518) 465-1441. To learn more, visit www.naiplatform.com.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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Columns and Thought Leadership
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
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
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.
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,