Upstate New York - February 24-9, 2015

RedMark Realty completes five sales totaling $3.059 million; Along with multiple leases totaling 27,133 s/f
RedMark Realty, LLC arranged the following sales totaling $3.059 million and leases totaling 27,133 s/f: * Alex Kutikov and Gordon Heeps of RedMark brokered an 11-year ...

Abbott joins Engel & Völkers Lake Placid as NYS licensed Real Estate agent; Serving specialized property needs in the area
According to Engel & Völkers Lake Placid, Brenda Abbott will join the firm as a New York State licensed real estate agent, dedicated to serving ...

Vuzix Corp. receives $24.8 million from Intel Corp.
Vuzix Corp. (VUZI), one of the leading suppliers of video eyewear and smart glasses products in the consumer, commercial and entertainment markets, revealed that Intel ...

Question of the Month: Government downsizing and lower universal taxes: Are we ready for the free market again?
The commercial real estate market throughout the Northeast has been the most active in many years. Some of the lowest interest rates in modern times ...

Exiting strategy for multifamily investment property owners
So, you like the four benefits that a multifamily investment property can provide (cash flow, equity build-up, appreciation and tax shelter). And with the use ...

McGuire Dev. breaks ground on 16,000 s/f medical office complex; 4855 Camp Road in Hamburg - Phase II
McGuire Development Company, a local commercial development, real estate consulting and property management firm, has begun construction on phase II of a medical complex located ...

Gullo named 2015 president of B.I.E.G.
The Buffalo Investors & Exchangors Group (B.I.E.G.) will be headed in 2015 by Russell Gullo, CCIM, CMIA, CEA, who is a national real estate investment/exchange ...

Albany Convention Center Authority awards $17.5 million in contracts; To employ 150 skilled craftsmen over a two-year period
According to The Albany Convention Center Authority (ACCA), after a public bidding process, entered into three contracts with New York State firms for site excavation ...

York of Arbor originates $4 million loan for Nettleton Commons; First loan under Freddie Mac Small Balance Loan offering
Arbor Commercial Mortgage, LLC, a national, direct commercial real estate lender, has funded its first loan under the newly launched Freddie Mac Small Balance Loan ...

RAV Properties secures 12,500 s/f lease for Hercules Gym
RAV Properties, LLC, a Jamesville-based real estate investment company, revealed new multi-year tenancy at 6361 Thompson Rd., a mile south of exit 35 off the ...

Greater Buffalo BOMA introduces 2015 board of directors
The Greater Buffalo Building Owners & Managers Association (BOMA) introduced the 2015 board of directors at the Annual Business meeting held at Templeton Landing Restaurant. ...

02-28-2015 - Buffalo Multifamily Investment Property Expo & Trade Show 2015
The Buffalo Multifamily Investment Property Expo & Trade Show 2015 will be held February 28, at the Millennium Hotel (located at 2040 Walden Ave., adj. ...

Monroe Roadways awarded site contract for Union Square Apartments; new 14-building, 117-unit complex at 85 Union Sq. Blvd.
Monroe Roadways, one of Rochester's leading site construction experts, was awarded the contract for site construction services of the new 14-building, 117-unit apartment complex at ...

Glazer family releases public statement
The Glazer Family has released the following public statement regarding the recovery of their parents' plane, which was located in Jamaica. "On September 5, 2014, ...

Sullivan joins Buckingham Properties as shareholder services coordinator
Buckingham Properties Asset Management has hired Christine Sullivan as shareholder services coordinator. In her new role, Sullivan is responsible for a variety of processing, administrative, ...

Geiger of McGuire Dev. brokers 5,500 s/f lease for WOB-Buffalo; Tavern Brews, LLC, signs lease at the Walden Galleria
Tavern Brews, LLC, has entered into a lease agreement at the Walden Galleria Mall in Cheektowaga to open a new World of Beer (WOB) tavern ...

Vanguard-Fine, LLC brokers 50,932 s/f and completes two sales totaling $610,000
Vanguard-Fine, LLC (www.vanguardfine.com), a commercial real estate office located in Albany, completed the following leases totaling 50,932 s/f and sales totaling $610,000. * David Welcome ...

Picone completes part of Pioneer Central School District's $31m project
Picone Construction Corp. has completed the Pioneer High School's science wing addition. Teachers and students have begun to move into these state-of-the-art classrooms which include: ...