Real Estate

Waterbourne Facilitates Sale of $57 Million Beltrone Portfolio in Albany, NY

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Albany, NY Tony D’Auria and Jim Carminati of Waterbourne Real Estate Advisors, LLC represented the estate of local builder/developer Sal Beltrone in the sale of its commercial real estate portfolio. The Salvatore Beltrone Marital Trust II, of Latham, sold 25 buildings it owns and manages for $57 million to primary buyer Rosenblum Development Corp. The deal triples the size of Rosenblums portfolio.

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Waterbourne Real Estate Advisors Handles Sale of Immaculata Academy

December 2016

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The Franciscan Sisters of St. Joseph have put the two-story, 46,500-square-foot school and the 28.1 acres of land along South Park Avenue in Hamburg up for sale. The asking price is $3.4 million.

Given its high-profile location along South Park Avenue and Bayview Road and its large tract of land, the property is expected to attract a fair amount of attention, said Anthony D’Auria, Waterbourne Real Estate Advisors co-founder and property broker.

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