Upstate New York - October 28-10, 2014

Saffioti, Rabinowitsch, Tapper and Coghill of Eastern Consolidated secure $34.5 million; 180,000 s/f, class A office tower sold to Shelbourne Capitol LLC
Eastern Consolidated has arranged the off-market sale of 677 Broadway, a 180,000 s/f office tower in the downtown for $34.5 million. The two part transaction ...

Midgley, Kaplan, LiPuma and Starzynski of CBRE Group arrange sale of Ingram Micro East Coast Headquarters for $24.5 million
CBRE Group, Inc. (CBRE) has arranged the sale of the Ingram Micro East Coast Headquarters complex, an office campus located in suburban Buffalo, to American ...

Will of Hemisphere Holdings brokers $1.1 million sale
Richard Will, president of Hemisphere Holdings Corp. (www.hemisphereholdings.com), brokered the sale of 800 Fourth St. for $1.1 million. The 97,287 s/f suburban school was acquired ...

Calamar and Niagara EMS celebrate grand opening; New facility located in The Compass Centre, Ontario
Niagara-on-the-Lake, Ontario Calamar executives and regional dignitaries from Niagara-on-the-Lake and the Niagara Region celebrated with a ribbon cutting ceremony to launch the grand opening of ...

Vanguard-Fine leases 23,585 s/f and secures $1.418 million is sales
Vanguard-Fine, LLC, a commercial real estate office located in Albany, completed the following leases totaling 23,585 s/f and sale transactions totaling $1.418 million: * David Welcome, ...

Commentary on the 2014 Upstate apartment market
For the last 20 years interest rates, and in tandem capitalization rates, have come down in an almost steady fashion as multifamily activity and prices ...

Company of the Month: The Largo Group of Companies: 25 years of commercial real estate finance made simple; firm has closed in excess of $13 billion in commercial loans since its inception in 1989
The Largo Group of Companies provides a full array of commercial real estate capital products and services including mortgage finance, portfolio management, asset management, loan ...

Main-Cali Williamsville acquires 5429 Main St., Williamsville for $1 million
Main-Cali Williamsville, LLC acquired 5429 Main St. from 5429 Main Street Realty Corp. for $1 million. The current tenant, Starbucks Corp., is joined by Alex ...

Ciminelli Real Estate Corp.promotes Juron-Borgese, Packard and Schwartz
Ciminelli Real Estate Corp. has promoted the following three employees: Denise Juron-Borgese to vice president of development and planning; Brad Packard to director of development ...

MacAffer and Simonds of CBRE-Albany lease 13,500 s/f to BestPass at 500 New Karner Rd., Colonie
According to CBRE-Albany, BestPass, a wholly owned subsidiary of New York State Motor Truck Association, has leased 13,500 s/f at 500 New Karner Rd. BestPass ...

Industry mourns loss of Larry and Jane Glazer of Buckingham Properties
On September 5th, Buckingham Properties suffered the loss of founder and CEO, Larry Glazer, alongside his wife, Jane, in a tragic plane accident. The events ...

Phillips of NAI Platform negotiates $2.1m sale to Bruns Realty LLC; 24 apartments / 17 acres at 984 - 1000 Burdeck Street, Rotterdam
NAI Platform, a member of the world's premier managed network of commercial real estate firms, was the exclusive representative involved in the $2.1 million purchase ...

KCCM completes University of Albany Mohawk Tower renovation
A full renovation of the University of Albany SUNY Mohawk Tower for the Dormitory Authority of the State of New York (DASNY) has been completed ...

Valente and Bucci of The Sutton Companies secure $350,000 sale of 10-unit building located at 3600 James Street
Kevin Valente and Andréa Bucci of The Sutton Companies arranged the sale of a 10 unit apartment building for $350,000. The 10-unit building is located ...

CBRE | Syracuse completes multiple leases totaling 69,344 s/f
Michael Finn, managing partner of CBRE | Syracuse, revealed the following commercial real estate lease transactions totaling 69,344 s/f: * Ed Kiesa, CCIM, of CBRE ...

Picone Construction completes renovations to Saints Peter and Paul Church; Silvestri Architects, PC is the architect of record
Picone Construction, the design/builder for this project, has completed renovations to Saints Peter and Paul Church. Work included installation of new chandeliers, sound system, kneelers, ...

Farrauto of HUNT Commercial Real Estate and Benderson Development lease 2,500 s/f to Bechakas and Bechakas, LLP
Stacy Bechakas Esq. and Cheryl Bechakas Esq. have leased 2,500 s/f on the 2nd floor at the Townsend Sq. Building at 5330 Main St. to ...

Malagisi of Sperry Van Ness brokers sale of Deep Discount Mini Storage; New owner, Rochester Self Storage plans to renovate
Nicholas Malagisi, national director of the Sperry Van Ness National Self Storage Council, arranged the sale of Deep Discount Mini Storage, at 265 Hayward Ave., ...

Empire Commercial Construction chosen for College Town Jimmy John's
Empire Commercial Construction, a retail-specific division of regional general contractor Taylor-The Builders, have been awarded the contract for construction and project management services for the ...

Zinter joins CPC
's new Rochester officeRochester, NY According to The Community Preservation Corporation, Inc. (CPC), one of the leading not-for-profit affordable housing and neighborhood revitalization lenders, Miriam ...

SWBR Architects hires interior designer Folts
SWBR Architects, a Rochester, New York-based firm, revealed the addition of certified and award-winning interior designer Corina Folts, CID, NCIDQ, as an interior designer. As one ...