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Hunt Corp. Commercial Real Estate Q&A: Would you please explain rentable and useable s/f, and how ar...
May 16, 2023
Q: Brokers seem to quote space as both useable and rentable square footage. Would you please explain rentable and useable square feet, and how are they both calculated?
Varbero and Casagrande join Forchelli Deegan Terrana as partners in the securities litigation & regu...
May 16, 2023
Uniondale, NY Anthony Varbero and David Casagrande have joined Forchelli Deegan Terrana LLP’s (FDT) as partners in a newly-formed securities litigation & regulation practice group. Varbero and Casagrande co-chair this group.
Michelle Marie Zere of Zere Real Estate Services passes away at 56
May 16, 2023
Ronkonkoma, NY Michelle Marie Zere, a figure in the Long Island commercial real estate industry for over 35 years, passed away on April 2, at the age of 56. Michelle was a beloved daughter, sister, aunt, great aunt, and dear friend for many, who will be missed by all who
Spatola of Realty Connect completes
21,000 s/f office lease at 5 Orville Drive
May 16, 2023
Bohemia, NY Realty Connect Commercial Partners, a division of Realty Connect USA, completed a 21,000 s/f office lease at 5 Orville Dr. JoAnn Spatola of Realty Connect represented the tenant. Chris Costa of Rechler Equity Partners represented the landlord.
Racanelli Construction completes $6 million interior construction project for ShopRite
May 16, 2023
Huntington, NY Racanelli Construction Company, Inc. completed an interior construction project for a 65,000 s/f ShopRite supermarket located in the Huntington Commons Shopping Center.
May 2023 NYSCAR president's message - by Robert Strell
May 16, 2023
As I write my first update letter as the newly elected president of the NYS Commercial Association of REALTORS, it is bittersweet because of the untimely passing of our late president, friend and colleague, Dana Crocker of Syracuse.
Vanguard-Fine negotiates seven transactions
May 16, 2023
strong>Kingston, NY Vanguard-Fine has negotiated the following transactions: • Kenneth Brownell of Vanguard-Fine, LLC and Andrew Peckage of TRG brokered the 10-year lease between Harbor Freight Tools USA,
IPA sells The Shoppes at Jefferson Valley Mall - 153,151 s/f
May 16, 2023
Yorktown Heights, NY Institutional Property Advisors (IPA), a division of Marcus & Millichap, has sold The Shoppes at Jefferson Valley Mall, a 153,151s/f building. “Located in a Northern Westchester County trade area with a population of 85,000 and $123,000 median annual
JLL Capital Markets closes sale on 460-unit multi-housing development
May 16, 2023
Grand Island, NY JLL Capital Markets has closed the sale of Town Hall Terrace, a 460-unit multi-housing community. JLL marketed the property on behalf of a private owner who was the original owner and developer of the property and procured the buyer.
Pyramid Management Group reports 20% surge in January 2023 sales
May 16, 2023
Syracuse, NY Pyramid Management Group reports a significant sales surge across its portfolio of shopping, dining, and entertainment destinations, with sales up by nearly 20% year over year in January 2023.
Axiom Capital arranges $38.5 million loan for
six building retail acquisition
May 16, 2023
Clifton Park, NY Axiom Capital Corp. has structured and arranged a $38.5 million,10-year, fixed rate permanent loan for the acquisition of a regional retail center located in Clifton Park. The property consists of six separate buildings on five separate parcels with parking.
Rochester’s Cornerstone Group honored in Top Workplaces 2023 by the Democrat and Chronicle
May 16, 2023
Rochester, NY Rochester’s Cornerstone Group, Ltd, has been awarded a Top Workplaces 2023 honor by the Democrat and Chronicle Top Workplaces for the fourth consecutive year The list is based solely on employee feedback gathered through a third-party survey administered by employee
Muroff Hospitality completes $1.5 million sale of The Econolodge to Zamp Utica
May 16, 2023
Utica, NY Muroff Hospitality Group has sold The Econolodge; 309 N Genesee St. This updated economy franchised hotel boasts 40 guest
rooms on two floors with a mix of interior and exterior access. It’s located immediately off I-90 Exit 31 insures
Empire Commercial Construction updating
Arbor Midtown wedding venue
May 16, 2023
Rochester, NY Empire Commercial Construction, a retail-focused division of national general contractor Taylor, The Builders, was awarded the construction contract for Arbor Midtown, located within the historic Lincoln-Alliance Bank building at 183 E Main St.
Cushman & Wakefield arranges sale of two retail centers, BJ’s Plaza and McKinley Milestrip - 416,5...
May 16, 2023
Hamburg, NY Cushman & Wakefield arranged the sale of BJ’s Plaza and McKinley Milestrip Center, two retail centers totaling 416,544 s/f located adjacent to each other at 4408 and 4405 Milestrip Rd. Cushman & Wakefield’s Gary Gabriel, David Bernhaut, Brian Whitmer, Frank DiTommaso and Max Helfman, in conjunction with...
Coldwell Banker Commercial Custom Realty and Pyramid Brokerage Company secure 58,535 s/f lease to Ne...
May 16, 2023
Rome, NY Mercedes Brien of Coldwell Banker Commercial Custom Realty and Jeffrey D’Amore, SIOR and James Dylan Furney, of Pyramid Brokerage Company executed a 10-year lease for a multi-building dispatch and maintenance facility in the Griffiss Business and Technology Park, 248 Otis St.
Executive of the Month: A Q&A with Magnusson Architecture and Planning’s newest principal, Brian L...
May 16, 2023
An expert, and advocate for equitable housing, planning and community development, Brian Loughlin is also an adjunct associate professor of Architecture and Real Estate Development at Columbia University, chair of the American Planning Association’s Housing and Community Development Division
Cushman & Wakefield arranges 6,700 s/f lease for Saatva
May 16, 2023
New York, NY Cushman & Wakefield arranged a 6,700 s/f lease for Saatva at 893 Broadway. The tenant, an e-commerce company that specializes in mattresses, will occupy the ground, mezzanine and lower level of the property. The Flatiron location will be
Zara Charitable Foundation and Mannan
Supermarkets fight Queen’s food insecurity
May 16, 2023
Queens, NY Zara Charitable Foundation and Mannan Supermarkets launched a new initiative to confront food insecurity among children in Queens County. This comes on the heels of federal cuts to nutrition programs–mainly Supplemental Nutrition Assistance Program (SNAP)
Ariel Property Advisors Capital Services team
secures $13.5 million acquisition financing
May 16, 2023
Manhattan, NY Ariel Property Advisors (Ariel) Capital Services team arranged $13.5 million in acquisition financing at 65% LTV for three adjacent free-market mixed-use buildings located in Hell’s Kitchen. The value-add buildings were over 40% vacant at close.
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