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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Columns and Thought Leadership
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
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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,