Pavia Real Estate completes sales totaling $925,850 and leases 3,100 s/f

Pavia Real Estate Services has completed the following transactions: Dominic Pavia of Pavia Real Estate Services represented the sellers, Harold and James Julian in the $350,000 sale of 4752-4756 Middle Settlement Rd. The 3,100 s/f office building sits on 3.76 acres and was sold to Michael Cancilla. Pyramid Brokerage represented the buyer. At the same property Metlife leased 3,100 s/f for a 5 year term.Pavia represented the landlord, Michael Cancilla. Jones Lang LaSalle represented the tenant. Pavia represented the buyer, Visions Hotels and the seller, CPMG LLC in the $850,000 sale for a proposed Holiday Inn Express located on 2.5 acres on Wells Ave., Utica. John Jweid of Pavia Real Estate Services represented the buyers, Martin Adragna, Barry Kirch and Joseph Vella in the $350,000 sale of a 29,000 s/f former school building located on 10.4 acres in Vernon.. Pyramid Brokerage represented the seller, Oneida City School District. Jweid represented the buyer, Dacobe Enterprises, in the $225,000 sale of a 19,918 s/f building located at 319-325 LaFayette St., Utica. Pavia represented the seller, 325 LaFayette St. LLC.

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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.

Atlantic Capital Partners sells 893 Bdwy. 25,442 s/f office/retail building for $31 million

Atlantic Cap. Ptrs. sells 893 Bdwy. 25,442 s/f office/retail bldg. - $31m

Koeppel Rosen closes 18,200 s/f lease expansion/extension with Fenwick & West at 902 Bdwy.

Koeppel Rosen closes 18,200 s/f lease with Fenwick & West at 902 Bdwy.

SL Green Realty signs Kohlberg to 18,820 s/f at 500 Park Ave.

Houlihan Lawrence Commercial sells 1,600 s/f retail - $735,000

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Downing of Largo Capital arranges $3.7 million non-recourse refinance for 14,082 s/f Lake Mary retail property

Columns and Thought Leadership

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

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

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

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,