News: Brokerage

Sutton Real Estate facilitates three sales totaling $4.735 million

Syracuse, NY According to Sutton Real Estate, the firm has completed three sales totaling $4.735 million:

  • Kenneth Tyminski of Sutton  procured the sale of 226-230 West Genesee St., which is a 34-unit apartment building with two store fronts in the downtown area. The building sold for $3.28 million.
  • Matt Buroni of Sutton represented the seller in the sale of two multifamily/student housing properties at 1005 & 1007 Harrison St. The two properties have 12 units with 20 beds total and sold for $1.35 million.
  • A former bank building at 8929 North Seneca St. in Weedsport was sold to the Lunkenheimer Craft Brewing Co. The new owners will renovate the property to accommodate brewery production, tasting room and sales floor. The sale at $105,000 was arranged by Stephan McLoughlin of Wilson Realty, Larry Socia and Richard Robb of Sutton, together with Jones Lang LaSalle. 
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their