News: Brokerage

Slote and Harder of NAI Platform complete $10 million sale of 253 Troy Road

Dan Slote and Jim Harder of NAI Platform completed the $10 million sale of 253 Troy Rd., a 209,000 s/f manufacturing facility on 73 acres according to Cory Tyksinski, manager, of NAI Platform Commercial Real Estate. Slote and Harder, associate brokers with NAI Platform, had the exclusive listing to market the property on behalf of the seller, Albany International. The buyer, a private developer, represented himself on behalf of FedEx. The 209,000 s/f facility will make way for the $60 million project that will raise a brand new 250,000 s/f facility. The $60 million project will result in a New FedEx Mini Hub Distribution Center servicing three states from the Boston to Syracuse areas. NAI Platform's experienced team includes 17 commercial specialists with approximately 175 years of combined real estate experience. Their professionals have been responsible for some of Upstate New York's most significant deals, building a remarkable track record of transactions with an approximate combined dollar value of over $2.2 billion.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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Columns and Thought Leadership
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.
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
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