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Listen to this article A Syracuse-based real estate investment firm has purchased another property in Rochester, expanding an already extensive portfolio of industrial facilities. Ironhorn Enterprises, through Excel Drive Properties, LLC, paid $1 million for the 2.34 acres and the 21,356-square-foot building at 10 Excel Drive in Rochester. The deed was filed Thursday with the Monroe County Clerk’s Office. The seller was 10 Excel Drive, LLC, an entity managed by Jeffrey S. Sherwood, owner of Premier Sign & Awning Systems, LLC. The property was home to his business and is...

Data science is rapidly becoming a cornerstone of success in commercial real estate (CRE) investing. With vast amounts of data available, firms are seeking advanced analytics to gain a competitive edge, optimize portfolios, and enhance decision-making. Despite the industry’s widespread recognition of data’s potential, there remains a great deal of uncertainty regarding its implementation, sophistication, and true impact. SEE ALSO: Sunday Summary: What Is Happening With Government Office Space? This article is a summary of Altus Group’s global research report, The state of data science in commercial real estate investing. This...

President Donald Trump is swinging the axe at government waste, eyeing a blockbuster sell-off of 443 federal properties spanning 47 states, DC and Puerto Rico. The move, aimed at gutting the bloated federal workforce and the pricey buildings they occupy, could dump nearly 80 million square feet of commercial space — 12 times the Pentagon’s footprint — onto the market. The General Services Administration (GSA) dropped the staggering list of “non-core” assets on Tuesday, spotlighting a haul that could save taxpayers a cool $430 million a year in upkeep costs,...