News: Brokerage

Vanguard-Fine, LLC completes seven leases - 47,740 s/f

Kenneth Brownell and Barry Feinman of Vanguard-Fine, LLC brokered a 10-year lease between 191 Colonie LLC, c/o Jones Lang LaSalle and RVST Colonie, LLC d/b/a 5 Guys Burgers & Fries. The 2,918 s/f restaurant will be located in Colonie Center - Wolf Rd., Colonie, N.Y. Steven Lerner of Vanguard-Fine, LLC brokered a five-year lease between Sead Development, LLC and Axis Six Behavior Health. The 2,079 s/f office will be located at 11 Century Hill Dr. in Latham, N.Y. Lerner of Vanguard-Fine, LLC and Todd Drowlette IKON Realty co-brokered a five-year lease between Gilderland Associates, LLC and Napoli Pizza. The 1,400 s/f pizzeria will be located at 1800 Western Ave., Albany, N.Y. Vanguard-Fine, LLC brokered a five-year lease between Malta Associates and Bell Pet Company, LLC d/b/a Petzone. The 8,547 s/f retail space will be located in the Price Chopper Plaza in Malta, N.Y. Feinman and Brownell brokered a five-year lease between Plattsburgh Plaza LLC and Curves. The 1,696 s/f facility will be located at Plattsburgh Plaza, Plattsburgh, N.Y. Christopher Farrell of Vanguard-Fine, LLC and Rick Kessler of Prudential Blake Commercial co-brokered a lease between FTC Investments and Brian Shea. The 2,300 s/f office space will be located at 215 Lark St., Albany, N.Y. Brownell and Feinman of Vanguard-Fine, LLC and Brian Donovan of Donovan Real Estate Services, LLC co-brokered a lease between Two North St. Corp. and Big Lots Stores, Inc. The 28,800 s/f retail space will be located at Saugerties Plaza in Saugerties, N.Y.
MORE FROM Brokerage

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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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.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

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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,

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