News: Brokerage

RAV Properties secures 18,500 s/f for Bus Parts Warehouse ; Hennessy of COR brokers lease

RAV Properties, LLC, a Jamesville-based real estate investment company, completed new multi-year tenancy at 6361 Thompson Rd., a mile south of exit 35 off the NYS Turnpike. Bus Parts Warehouse has been the nation's leading independent distributor of replacement parts and special needs equipment for the school bus industry since 1999. They hold a huge stock of all the commonly needed parts for every bus type, and have a staff of in-house experts that can help customers get those hard to find parts they need to keep their fleets rolling. They also carry a large stock of seat foam and offer custom made seat covers. Customers can get same day shipment for orders placed before 3pm EST, and the company can deliver to the majority of their customers within 1 or 2 days. Customers can register on their webpage (www.buspartswarehouse.com) to order product, and check availability/pricing. Approximately 18,500 s.f. will be the new home for their office, manufacturing and warehouse operations. Tenant improvements have been expertly planned and executed by Zausmer Frisch Construction, Inc. Since 1971, Zausmer Frisch has been a creative, solutions based, leading provider to the CNY real estate industry, completing projects of all sizes and challenges. Dennis Hennessey, SIOR, of COR Brokerage, is the broker of record procuring this multi year tenancy. Financial details are not disclosed.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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