Sutton Real Estate closes $5.67 million in sales and leases 6,462 s/f; Includes $1.2 million sale of former Retreat by Feinberg
Sutton Real Estate completed the following sales totaling $5.67 million and 6,462 s/f in leases:
* Andrea Bucci brokered the sale of a Syracuse University Student Housing property for $425,000. The seller was Student Housing LLC and the buyer was SSJZ, LLC and financed by Empower FCU. Bucci also brokered the sale of an apartment building on Grolier Rd,. Syracuse for $595,000.
* Bart Feinberg brokered the $2.65 million purchase of 4616 Crossroads Parks, a 84,000 s/f storage and distribution facility located at 4616 Crossroads Park Dr., Liverpool to SEKO Worldwide.
* Feinberg brokered the sale of an office building located at 731 James St., Syracuse for $800,000. The seller of the property was James Street LP, California and the buyer was Hometown Communities, LLC, with financing provided by Empower FCU.
* The former Thornfield Retreat on Cazenovia Lake consisting of 37 acres with 750 feet of lake frontage was sold by the Episcopal Diocese of CNY for $1.2 million to be developed into condominiums. The sale of the property was brokered by Feinberg.
* Larry Socia represented Liberty Travel in their leasing of 2,112 s/f in Fayetteville Town Center and Joy Carpet in their leasing of 4,350 s/f in Glenn Crossing Plaza, Liverpool.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
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
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,
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account