Real Estate Associate Broker Stephen Saleski and Director of Brokerage Bart Feinberg represented the seller Skaneateles Properties, LLC in the sale of three properties; Skaneateles Suites, 4114 East Genesee Street, Cottage House, 4102 East Genesee Street, and Boutique Hotel, 12 Fennell Street, Skaneateles. All three buildings are lodging facilities consisting of a total of 20 suites with a sale price of $1.8 million. The buyer, Norman E. Swanson, was represented by Martin McDermott from JF Real Estate.

Bart Feinberg and Real Estate Salesperson Karen Cannata-LaRocca represented the seller in the sale of 5655 East Taft Road in North Syracuse. The 1,512 s/f building sits on a one-acre lot. Mark Rupprecht from CBRE representedGary Gasparini, the buyer.

Stephen Saleski represented The Church of Jesus Christ of Latter-day Saints on the purchase of 50 W. Kendrick St. in Hamilton for $220,000. The seller, St. Mary’s Church, was represented by Joyce Mawhinney-MacKnight and James Furney of Pyramid Brokerage/Cushman Wakefield.

 

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For the month of March, we sat down with real estate salesperson Karen Cannata- LaRocca to learn about her work in the industry and to discuss the CRE market.

 

SUTTON: What sector of CRE do you mainly focus on and what is your favorite? 

KCL: I work in multiple sectors but my favorite is the medical field.

SUTTON: What changes have been most difficult for you as a result of the COVID-19 pandemic? 

KCL: I’ve found that trying to show properties while staying within COVID – 19 protocols has been the toughest. Also, learning how to handle the uncertainty of our office tenants on what their sector will look like post COVID-19 has been a challenge as well.

SUTTON: What is one goal of yours for 2021 here at Sutton? 

KCL: To continue to work with buyers and sellers to meet their real estate needs.

SUTTON: How is Sutton encouraging teamwork? 

KCL: Sutton always supports the sales and leasing agents with sharing their vast knowledge and expertise in all areas of real estate. Although the sales team are independent contractors, Sutton always makes us feel like part of the family.

SUTTON: How do you expect the market to look six months from now?

KCL: Things are looking up now and six months from now, while we still may have a bit of uncertainty, I believe the market will bounce back close to pre-covid-19 levels.

Acting on behalf of the seller, Kevin Valente and Stephen Saleski were responsible for the $3.6 million sale of the Rochester Downtown Holiday Inn, located at 70 State Street. The seven story building is a 250,712 s/f full service hotel with 217 rooms, two restaurants and 15,000 s/f of meeting space overlooking the beautiful Genesee River in downtown Rochester.

Bart Feinberg handled two leases at 99 Harris St. in Fulton. After Hour Trades signed a two-year lease of 40,000 s/f and Syracuse Pallets signed a five-year lease of 12,000 s/f. Feinberg also acted on behalf of the landlord, International Bakery.

The Upper New York Annual Conference of the United Methodist Church sold its 11,522 s/f property at 3027 James St. in Syracuse to Liberty Christian Worship Center. Kristen Nave and Karen Cannata-LaRocca represented both the buyer and seller.

Kristen Nave represented Nave Law Firm in a long-term lease of 6,500 s/f at 231 Walton St. in Downtown Syracuse. Nave Law Firm decided to relocate due to the need of addition space.

Kristen Nave, Matt Buroni, and Karen Cannata-LaRocca also closed the restaurant lease of popular San Miguel Mexican Bar & Grill. The 4,820 s/f eatery sits on the Seneca River at 2 Oswego St. in Baldwinsville.

 

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A new restaurant will be joining Creekwalk Commons this Winter. Kristen Nave and Karen Cannata-LaRocca represented the landlord in the lease of a 2,670 s/f restaurant space at 324 West Water Street. in Downtown Syracuse. Ken Tyminski represented the tenant, Gaudalajara Mexican Restaurant. The restaurant joins the mixed-use building with Café-Kubal and Talking Cursive Brewing Co., as well as 75 apartments. The restaurant is set to open in March 2021.

Crown City Hospitality, LLC and 470 Parkway Realty, LLC purchased Ramada Inn and Red Roof Inn, in Cortland. Kevin Valente, Stephen Saleski implemented the help of Ten-X Commercial and acted on behalf of the seller.

To learn more about how our team utilized Ten-X, visit our article here.

 

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For the month of February, we sat down with real estate salesperson Richard Robb to learn about his work in the industry and to discuss the CRE market.

 

SUTTON: What sector of CRE do you mainly focus on?

RR: I’m a generalist by nature so my practice is to get involved in all niches of commercial real estate including raw land. My interest grew from working many years in public land use – planning and developing – at the village, town and county-level.

SUTTON: What change has been most difficult for you as a result of the COVID-19 pandemic?

RR: As we all know, activity slumped in early 2020 due to the pandemic. But people slowly acclimated to a new normal with continuous recovery now evident (although several real estate sectors have lagged such as office and some retail subsectors). By way of contrast, warehouse, industrial and flex space demand has dramatically increased.

Entering the 2nd year of COVID, I find that prevention is the watchword for all activity. Our team (along with the rest of the CRE world) had a learning curve surrounding Covid rules and regulations. We had to learn on the go… “What Covid assessments and disclaimer forms should we use and where do we get these? Should we travel solo? How can we socially distance during inspections? Do we have to be masked during all in-person discussions?” It was a lot to get used to!

SUTTON: What is one goal of yours for 2021 here at Sutton?

RR: My simple goal for 2021 is to show clients and customers through healthy practices that they can buy, sell or lease property without fear or harm. I have become a more hygienic person, especially when it comes to interacting with clients.

SUTTON: How is Sutton encouraging teamwork?

RR: Sutton Real Estate is a small, full-service real estate company that invites and reinforces cooperation among all staff and departments. From professional development opportunities to training and safe social activities, Sutton practices an “open door” management style that challenges and supports everyone.