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Sequence Development Sells Troy Office Bldgs.
The 14,600-square-foot office building at 16 1st St. in Troy, MI A San Francisco-based private investor purchased two office buildings totaling 22,195 square feet in Troy, NY from Sequence Development for $3.2 million, or about $144 per square foot...

Valatie Medical Arts Bldg. Sells for $3M
The 32,010-square-foot Valatie Medical Arts building at 1301 River St. in Valatie, NY A group of local retired doctors purchased a 32,010-square-foot medical office building in Valatie, NY from Northern Columbia Associates. Valatie Medical Arts sold...

Metro Mall Building to Become Part of Miami's Jewelry District
An investor-developer banned from selling condominiums and co-ops in the state of New York plans to renovate the vacant Metro Mall building in downtown Miami and turn it into a gem worthy of the city’s Jewelry District. Yair Levy’s Time Century Holdings...

Local Investor Pays $2.8M for 55-Room Motel in Bolton Landing
The 55-room former Twin Bay Village motel at 4804 Lakeshore Dr. in Bolton Landing, NY A local private investor purchased a 55-room motel in Bolton Landing, NY from two private investors based in Lake Luzerne, NY. The former Twin Bay Village sold...

Broadstone Net Lease Taps Lang, Hostert in Phoenix
Broadstone Net Lease (BNL) tapped Greg Lang and Sean Hostert to serve as vice presidents of acquisitions. Based in the firm’s Phoenix office, the new hires will be responsible for cultivating relationships with brokers and prospective sellers as well...

The Benchmark Group Pays $10.3M for Turtle Creek
The Turtle Creek senior independent-living apartment complex at 2730 N. Forest Rd. in Getzville, NY Amherst, NY-based The Benchmark Group purchased a 123-unit senior independent-living apartment complex in Getzville, NY from Weinberg Campus. Turtle...

California-based Investor Picks Up Rochester's First Chic-Fil-A
The first Chic-Fil-A in the Rochester market at 2120 W. Ridge Rd. in Greece, NY A private investor based in California purchased a 4,867-square-foot restaurant at the intersection of West Ridge Road and Ridgecrest Road in Greece, NY. The Chic-Fil...

New US Housing Index Underscores Long-Term Demand for Multifamily
If a study by professors at two Florida universities is any indication, demand for multifamily housing should hold steady for the foreseeable future. In certain markets, consumers who rent and reinvest the potential savings [versus mortgage payments...

'Gateway' Multifamily Assemblage Completed in Hudson County for $327.8M
A portfolio of 118 multifamily buildings spread across New Jersey's Hudson County has traded for an aggregate $327.8 million, the broker on the six separate transactions said on Tuesday. The so-called Gateway Portfolio included 2,137 units located...

Local Investor Buys Planet Fitness-Anchored Shopping Center in Suburban Rochester
The 64,783-square-foot Ridgeview Place shopping center at 1850 E. Ridge Rd. in Irondequoit, NY SB Cook Properties, a local investment firm, purchased a 64,783-square-foot shopping center in Irondequoit, NY from a private investor based in Fairport...

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