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
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

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
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
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

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.
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,