Search
Story results for:
Carello of KW Commercial brokers $754,600 sale
August 6, 2019
Valley Stream, NY Rick Carello of KW Commercial completed the $754,600 sale of 28 Brooklyn Ave. The five-unit multifamily dwelling is currently fully occupied and generates a 6.6% cap rate. The seller was Argent LLC and the buyer was K & S Capital Realty, an investment group from Queens.
Rechler leases 2,000 s/f micro unit to Technical Glazing Solutions; Khetaguri of Alliance Real Esta...
August 6, 2019
Westhampton, NY Rechler Equity Partners has completed a long-term lease at the first of 13 micro-units at 215 Roger’s Way in the Hampton Business District. Technical Glazing Solutions (TGS), a designer and installer of custom-made windows, will be moving into 2,000 s/f of the business park’s third completed building.
Hunt Corp. Question & Answer: Presentation makes the difference
August 6, 2019
Q: We will be placing our industrial building on the market shortly. What should be done to prepare the building for showing to prospective buyers?
Freedberg of Suffolk Industrial Properties closes three sales totaling $5.36 million
August 6, 2019
West Babylon, NY Michael Freedberg, president of Suffolk Industrial Properties, has arrange three sales totaling $5.36 million. The deals include the following:
• 55 Kean St., West Babylon: Previously owned and occupied by Garal Industries,
Racanelli secures $4 million in financing for 80,000 s/f Melville industrial property
August 6, 2019
Melville, NY Racanelli Realty Services, Inc. has completed a financing transaction valued at $4 million for the lender, Assurant Real Estate, a division of Assurant Asset Management. The financing, handled by the company’s commercial real estate financing division, was for the refinancing of an 80,000 s/f
Douglas Elliman arranges four sales totaling $4.287 million; Also completes nine leases totaling 38,...
August 6, 2019
Holtsville, NY Douglas Elliman has brokered four sales totaling $4.287 million and nine leases totaling 38,953 s/f. The deals include the following:
• A 15-year lease of a 4,760 s/f space at $17 per gross s/f at 745 Waverly Ave., Holtsville.
Hardesty of Bouck Real Estate completes 6,000 s/f lease in Auburn
August 6, 2019
Auburn, NY According to Bouck Real Estate, Sharpshooters Laser Tag has a new home at 44 Washington St. Mike Hardesty, licensed salesperson with Bouck Real Estate, worked with
Arc Building Partners and Claremont Cos. to merge
August 6, 2019
Buffalo, NY Arc Building Partners and Claremont Cos. have entered into a strategic partnership agreement that will bolster Claremont’s construction capabilities and enable Arc Building Partners to expand
Empire Commercial Construction renovating and expanding Unicell Body office with ALA Architects
August 6, 2019
Henrietta, NY Empire Commercial Construction, a retail-specific/small-projects sister company of regional general contractor Taylor, The Builders, is renovating/expanding the Unicell Body office.
Chain Store Age magazine names Destiny USA a top retail experience
August 6, 2019
Syracuse, NY Destiny USA, one of the largest shopping, dining and entertainment destinations in the state, has been selected as one of the “Top 10 Retail Experiences of 2019” by
12 projects in Albany part of $10m Downtown Revitalization Initiative
August 6, 2019
Albany, NY Governor Andrew Cuomo announced 12 transformational projects for the city’s Clinton Sq. neighborhood as part of the $10 million Downtown Revitalization Initiative (DRI) award.
August message from the president of NYSCAR’s Upstate chapter - by Guy Blake
August 6, 2019
NYSCAR will be soliciting committee members for 2020. If you are interested in serving on one or more of NYSCAR’s committees, please consider requesting service. If you have an interest in education, the legislative area, membership, RPAC, Technology, etc. We want to hear from
Magguilli of HUNT Real Estate ERA named to two REAL Trends lists
August 6, 2019
Rochester, NY According to HUNT Real Estate ERA, REAL Trends has named Larry Magguilli to two of its lists. With 300 transactions in 2018, Magguilli ranked #18 nationally, and #1 in New York State
Feinberg of Sutton Real Estate Co. brokers three sales: $3.425 million total
August 6, 2019
Rochester, NY According to Sutton Real Estate Co., Bart Feinberg completed three sales totaling $3.425 million.
Feinberg represented the seller, DuPont, in the sale of
Project of the Month: Broome County to move Office of Employment and Training to allow for growth
August 6, 2019
Johnson City, NY In the Spring of this year, Broome County unveiled plans to move its Office of Employment and Training and a portion of the Department of Social Services (DSS) to the former
Thanks to the power of partnerships, we get things done here in Broome County - by Jason Garnar
August 6, 2020
Broome County is a great place to live. Filled with rich history and unique experiences, there’s so much to enjoy in Broome County and our sense of community makes it a place unlike any other. Each of our 24 municipalities has something special to offer
DiMarco Group names Harff a vice president of commercial leasing
August 6, 2019
Rochester, NY According to DiMarco Group, Stephen Harff has joined as vice president of commercial leasing for DiMarco Realty Services. In his new role, Harff will oversee and coordinate the leasing of…
Bevilacqua Development nearing completion of Transit Meadows: 45,000 s/f office and retail throughou...
August 6, 2019
East Amherst, NY Bevilacqua Development L.P. is now in the final stages of its new development, the Transit Meadows, located on Transit Rd. The project cost was not disclosed. The site totals 45,000 s/f of office and retail space spread over
What affects capitalization rate behavior? - by John Rynne
August 6, 2019
Overall capitalization rates are affected by many factors. Interest rates are one of the most notable but somewhat overrated. Overall cap rates are one the most discussed terms in the real estate market. That’s because one of the keys to estimating value for income