Category: Brokerage

The NYSCAR board of governors met on February 7th, at the Crowne Plaza/Desmond Hotel in Albany. The board is looking forward to another productive year and the offering of so many great courses free to the NYSCAR membership. Also, the annual conference will be held June 14-16, 2023 at the Turning Stone Resort and Casino in Verona. Save

Albany, NY The Upstate New York CCIM Chapter has named James Kelly, CCIM, as this year’s recipient of the Commercial Realtor of the Year. Shown are Dana Crocker NYSCAR president of Hunt Commercial Real Estate and James Kelly of Hanna Commercial Real Estate.

In the largest upset of the multifamily industry since the financial crisis of 2008 the Federal Reserve has raised the fed funds rate over 400 basis points in 10 months to 4.5%, the highest level in 15 years. According to chairman Powell the goal is to create enough unemployment to reduce inflation down from 6% to 8% annually back to the 2% range and at the same time

Oneonta, NY Benjamin Feinman of Vanguard-Fine, LLC brokered the 900 s/f lease between Polish Nails Salon and Oneontawood, LLC at 762 Rte. 28. Christopher Farrell and Feinman of Vanguard-Fine, brokered the lease between Aldi, Inc.

Rochester, NY The Rochester Area Chapter (RAC) of the New York State Commercial Association of Realtors (NYSCAR) named three new board members for 2023: Thomas Latta, Buckingham Properties, has joined as vice president. Dexter Craig, North Star Real Estate, and Justin Merriam, Flaum Management Company, Inc., have joined as directors. They join new president, Christopher

Chili, NY TAYLOR was awarded the construction contract for the new J.D. & Sons Seafood facility. TAYLOR is teaming with Costich Engineering and Greater Living Architecture for new construction of the 30,000 s/f production plant, warehouse and office located at 100 International Blvd. Lot 104, within the Rochester International Commerce Center

Lackawanna, NY Total Quality Assurance International (TQAI), who said last fall that they would lease 81,000 s/f at Uniland Development Company’s 8 Dona St., has increased its total leased space to 108,000 s/f. TQAI, which recently took occupancy at 8 Dona St., now occupies more than two-thirds

Canton, NY Vanguard-Fine, LLC brokered three transactions. Kenneth Brownell of Vanguard-Fine brokered the 10-year 16,107 s/f lease in Seaway Plaza between Harbor Freight Tools and Seaway Plaza Realty,

Binghamton, NY Visit Binghamton launched a new website dedicated to an inclusive tourism experience called Accessible Bing. Project manager McKenna Brown said, “Visit Binghamton recognized the need for a comprehensive accessibility guide to the area and worked with our attractions, restaurants,

Manhattan, NY Tishman Speyer will collaborate with two-Michelin-starred Chef Gabriel Kreuther to bring two new dining concepts to The Spiral, Tishman Speyer’s recently-completed 66-story office tower on Midtown Manhattan’s West Side. The street-level restaurants overlook the four-acre Bella Abzug Park.

New York, NY Avison Young has arranged a 49-year lease for The Mayfair Hotel Group LLC, a boutique hotel owner and operator, at 242 West 49th St. The 78-key, 21,273 s/f building in New York’s Times Sq./Theatre District area was brokered off-market and began in January 2023. The transaction is valued at more than $30 million.

New York, NY Merchants Capital has set a record-breaking year with its debt production, totaling approximately $1.3 billion during 2022. The total production numbers served to finance and preserve a variety of properties across the nation, including affordable, multifamily and senior housing.