News: Brokerage

Pavia of Pavia Real Estate brokers two sales totaling $2.275 million and four leases totaling 10,759 s/f

Dominic Pavia, president of Pavia Real Estate Services brokered two sales totaling $2.275 million and four leases totaling 10,759 s/f. The sales include the following: * The $2 million sale of 141 New Hartford St. The property is a 104-room Ramada Inn. The buyer was Visions Hotels and the seller was Alexander Trust. Pavia represented both the buyer and the seller. * The $275,000 sale of 9 Clinton St., New York Mills. The buyer was Tony Cristiano and the seller was Miga Auto Sales. Pavia represented the buyer and Pyramid Brokerage represented the seller. Pavia also completed four leases at 421 Broad St., Utica. Pavia represented both the landlord, 421 Broad St. LLC, and the tenants. The leases include: * A five-year, 3,675 s/f lease to Armlin, Damon and McMordie. * A five-year, 1,936 s/f lease to Stieglitz Snyder Architecture. * A five-year, 2,407 s/f lease to Christopher Wallace Esq. * A five-year, 2,741 s/f lease to Pike Construction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent