Upstate New York

NAI represents sale of 2028-2030 Central Ave

Albany, NY NAI Platform, a member of the world’s premier managed network of commercial real estate firms, represented the sale of 2028-2030 Central Ave. by Negri Et al. to Colonie Mini Mart LLC.

The Agency forms partnerships to begin feasibility study to honor Rod Serling

Binghamton, NY The Agency (Broome County IDA/LDC), in partnership with the Rod Serling Memorial Foundation, the Serling Family, the Conrad & Virginia Klee Foundation, Broome County, the city of Binghamton, and Assemblywoman Donna Lupardo’s office, have begun a feasibility study for the development of the Rod Serling “Dimensions of Imagination” center for media and the arts.

Marcus & Millichap brokers sale of 17,500 s/f self-storage facility

Blossvale, NY Marcus & Millichap negotiated the sale of GKE Self Storage, a 17,500 s/f self-storage facility, according to Grant Fitzgerald, regional manager of the firm’s Columbus office.

C&W | Pyramid Brokerage names Petrie as COO

Latham, NY Cushman & Wakefield | Pyramid Brokerage Company has named Jim Petrie chief operating officer. Petrie succeeds Robert Berkey who has held the position for 25 years and will remain with Pyramid in an advisory role.

December 2022 message from the president of NYSCAR - by Dana Crocker

As the new year approaches, NYSCAR looks forward to offering more courses to the membership free of charge. On January 17, 2023, NYSCAR will offer a two-hour continuing education session “Introduction to Cost Segregation” with Frank Giudici.

Commercial real estate marketing may see slight decline in prices in 2023 - National Assocs. of Realtors

Orlando, FL Although commercial real estate prices may see a slight decrease nationwide, strong job growth will continue to drive demand in many markets, according to NAR chief economist Lawrence Yun.

CBRE arranges $31 million sale of 156-unit Grand Pointe Park to Lexington Property Group

Poughkeepsie, NY Representatives of CBRE, led by Jeff Dunne, Richard Gatto, Fahri Ozturk, Eric Apfel, Stuart MacKenzie, and Zach McHale, negotiated the $31 million sale of Grand Pointe Park, a 156-unit multifamily community.

Cleeman Realty Group brokers $15.95m sale of Grand Union Plaza

Cortland, NY Cleeman Realty Group brokered the $15.95 million sale of Cortland Grand Union Plaza. The 133,846 s/f shopping center is anchored by a Grand Union grocery store on a 21.6 acre lot.

The Agency readies for demolition of former IBM Country Club for new affordable housing project by Conifer/LeChase

Union, NY The Agency was joined by Broome County and town of officials to begin the demolition of the former IBM Country Club located at 4301 Watson Blvd. LeChase Construction, Delta Engineers and Gorick Construction will oversee the demolition of the blighted property.

Largo Capital Ltd. places $130 million

Montreal, Quebec Kevin Ross, managing director at Largo Capital Limited, arranged $130 million for the refinance of an office building.