News: Brokerage

Rupprecht, Feinberg and Van Der Bogart of CBRE/Syracuse complete two leases totaling 80,100 s/f

According to Michael Finn, managing partner of CBRE/Syracuse, two leases totaling 80,100 s/f: In the first lease, Mark Rupprecht, in partnership with CBRE/Chicago, represented the Packaging Corporation of America in their lease renewal of 62,356 s/f of warehouse space at 4510 Steelway Blvd. Bart Feinberg of CBRE/Syracuse represented the owners, Heritage Properties, LLC, in the transaction. In the second lease, Larry Van Der Bogart of CBRE/Syracuse handled a lease renewal of 18,100 s/f at 1901 Lemoyne Ave., Syracuse for Dealers Engine Sales Inc., which has occupied the warehouse space for nine years.
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Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,