Category: Western NY
Buffalo Apartment Market - Long-term investors should always be interested in needs-based hard asset...
June 10, 2025
After rising to near 5% and falling back down to 3.6% in the last year the ten-year treasury note has stabilized in a range around 4% even with the recent turmoil over new import tariffs, significantly higher than four years ago. More interest rate cuts look to be unlikely this year
Mag Mile Capital closes $14.5 million CMBS financing for Marriott Rochester Airport
May 13, 2025
Rochester, NY Mag Mile Capital, Inc. closed $14.5 million in CMBS financing for the Marriott Rochester Airport. The financing was structured with a 65% loan-to-value (LTV) ratio, a five-year loan term, and a 30-year amortization schedule with two years of interest only. The non-recourse loan
CBRE Upstate NY leases 160,000 s/f
office space at Genesee Towers
April 8, 2025
Buffalo, NY CBRE Upstate NY, an affiliate of CBRE, and ORION Office REIT Inc. secured the lease of 160,000 s/f of office space to Ingram Micro as the first tenant to sign on at the rebranded Genesee Towers at 257 West Genesee St.
RAC NYSCAR announces 2025 Board of Directors and welcomes two new board members
December 31, 2024
The Rochester Area Chapter of the New York State Commercial Association of REALTORS® (RAC NYSCAR) announced two new Board Directors for 2025: Andrew Gearhart of CBRE Upstate NY and Colleen Wightman of Realty ONE Group Spark
Rochester Area Chapter NYSCAR awards notes
December 10, 2024
Rochester, NY Meritorious Service: Meritorious Service Award is given to an individual that has gone beyond the call of duty, serving the RAC NYSCAR and its members. I have had the good fortune of being on the board of directors of NYSCAR with this individual. He’s always willing to lend a helping hand.
Developing Rochester: Fulfilling the promise of local development: Co-creating the future of Rochest...
November 12, 2024
The Rochester Economic Development Corp. (ROCEDC, formerly known as REDCO) is a not-for-profit local development corporation formed by the city of Rochester in 1983. Originally managed by a volunteer board and city staff, the initial aims of the agency
Developing Rochester:
Victor Crossing
November 12, 2024
Victor, NY The Benderson-owned Victor Crossing is a thriving retail hub, ideally located on SR 96 and adjacent to the Eastview Mall. Anchored by Walmart and HomeGoods, the center is a popular shopping and dining destination for both local residents and visitors.
Developing Rochester:
Marketplace Senior Apartments
November 12, 2024
Henrietta, NY Cornerstone and Genesis Housing Development Corp. are co-developers for Marketplace Senior Apartments, a newly constructed 150-unit senior supportive housing building. It is located on the Marketplace Mall campus in the Town of Henrietta
Developing Rochester: The Edmund -
Historic Gannett Building redevelopment
November 12, 2024
Rochester, NY The Gannett Building, located at 55 Exchange Blvd., was originally constructed in 1927 for newspaper chain founder Frank Gannett. The classical revival style structure was built to house the consolidated offices and newspaper printing facilities for the Gannett Newspapers chain.
Developing Rochester: Market Square
November 12, 2024
Henrietta, NY Totaling over 500,000 s/f, Market Square and its adjacent sister property, Market Commons, collectively form one of the largest retail hubs in the Rochester area. Strategically located just off I-390
Developing Rochester: Park Square II: Transforming Downtown Living
November 12, 2024
Rochester, NY Conifer Realty, LLC has begun construction on Park Square II downtown. This second Phase of the Park Square Redevelopment will preserve 200 existing apartments and create 40 new apartments.
Developing Rochester: Andrews Terrace: Revitalizing an Icon
November 12, 2024
Rochester, NY Conifer Realty, LLC and Community Preservation Partners (CPP) have joined forces to rehabilitate and preserve Andrews Terrace. This waterfront community, originally built in 1975, is undergoing extensive renovations
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