News: Brokerage

COMIDA approves assistance in three Monroe County economic dev. projects

According to Monroe County executive Maggie Brook, the County of Monroe Industrial Development Agency (COMIDA) approved assistance for three local economic development projects. "Monroe County is proud to support these companies as they grow and expand their business operations in our community," said Brooks. "The creation of more high-quality jobs will strengthen our economic vitality while also demonstrating the increased momentum of our local economy." The following projects were approved by COMIDA: * Gallina Development Corp. is proposing to build a 30,000 s/f, two-story, medical office building on 4.2 acres of the North Pointe Landing subdivision in Greece. The University of Rochester intends to lease 7,800 s/f for a Sports Medicine Clinic. University Sports Medicine offers medical and surgical care to treat injuries for athletes. The $3.5 million project is expected to impact 7 FTE and create 6 within three years. * Veretec of New York, Inc., dba Gates Automotive, was established in 1990 and is an automotive shop. Gates Automotive is proposing to purchase and renovate a 25,000 s/f facility located at 50 Thruway Park as well as purchase equipment for the facility. The facility will be used by Gates Automotive as their corporate headquarters. The $2.5 million project is expected to create 26 FTE within 3 years. *Closing USA, LLC is a full-service national title and escrow company that provides web-based real estate transaction services for mortgage lenders. Closing is proposing to purchase new computer and hardware totaling $150,000. Closing employs 38 in the county and expects to create 3 new full time positions. The company has been approved for a GreatRate on the equipment purchase through the Monroe County Industrial Development Corp. and is seeking approval of the EquiPlus.
MORE FROM Brokerage

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their