News: Brokerage

Vanguard-Fine negotiates two sales and eight leases

Ontario, NY Vanguard-Fine LLC negotiated 10 transactions.

• Barry and Benjamin Feinman of Vanguard-Fine brokered the sale of a one acre lot located at 1558 Rte. 104, Ontario, between purchaser Oreo Acquisitions BH, LLC and seller, Rite Aid of New York, Inc.

• Benjamin Feinman brokered the five year lease between Whip My Hair and 1839Wood, LLC. The 1,702 s/f hair salon is located in Central Square at 1839 Central Ave., Colonie.

• Barry and Samuel Feinman of Vanguard-Fine and John MaCaffer of CBRE-Albany brokered the sale of 1891 New Scotland Rd., Slingerlands, between the buyer V.M. Choppy & Sons LLC and seller, JK New Scotland Ventures, LLC. The purchase price was $1.385 million.

• Kenneth Brownell and Paul Bulmer of Vanguard-Fine, LLC and Brian Donovan of Donovan Real Estate brokered the 10 year lease between Chase Bank and Niskayuna Shopping Center, LLC. The 3,622 s/f bank is located in Niskayuna Shopping Center at 2321 Nott St., Niskayuna.

• Benjamin and Barry Feinman of Vanguard-Fine brokered the five year lease between AGN Glass, LLC and MBF Management Corp. The 5,140 s/f glass company is located at 1114 Central Ave., Albany.

• Barry Feinman of Vanguard-Fine brokered the five year lease between Smart Green Packaging and Northeastern Industrial Park, Inc. The 23,352 s/f packaging company is located at Northeastern Industrial Park in Building 11, Bay 3 - 220 Harborside Dr., Schenectady.

• Steven Lerner of Vanguard-Fine brokered the purchase and 13 year lease of 1595 Central Ave., Albany, between tenant/buyer, Anand Mart,  and owner, Sevinc Ozbay.

• Kenneth Brownell of Vanguard-Fine and Todd Drowlette of Titan Realty brokered the 10 year lease between Harbor Freight Tools USA, Inc.  and Crosstown Plaza, L.P. The 18,310 s/f store is located in Crosstown Plaza at 2330 Watt St., Schenectady.

• Kenneth Brownell and Paul Bulmer of Vanguard-Fineand Brian Donovan of Donovan Real Estate brokered the five year lease between Chase Bank and St. James Plaza, LLC. The Chase Bank ATM is located in St. James Plaza at 2341 Nott St., Niskayuna.

• Steven Lerner of Vanguard-Fine brokered the five year lease between Ashley Santana Nieves and SKJ Properties III. The 1,105 s/f Wax N Wicks Candle Store is located at 4803 Rte. 30, Amsterdam.

• Kenneth Brownell of Vanguard-Fine and Brian Donovan of Donovan Real Estate brokered the 10 year lease between Harbor Freight Tools USA, Inc.  and Widewaters Group, Inc. The 16,133 s/f store is located in Webster Plaza at 950 Ridge Rd., Webster.

• Benjamin Feinman and Barry Feinman of Vanguard-Fine and Lucas Quinn of Pyramid Brokerage Company of Albany brokered the three year lease between Eternal Scents and Jupiter Park, LLC. The 5,600 s/f facility is located at 16 Jupiter Lane, Colonie.

• Christopher Farrell and Barry Feinman of Vanguard-Fine brokered the five year lease between U2AKD, LLC dba Delaware Café and Delaware Plaza, LLC. The 1,944 s/f restaurant is located in Delaware Plaza at 180 Delaware Ave., Delmar.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,

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
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