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NYSCAR mourns loss of board member Furlani
May 13, 2025
Albany, NY On May 1st, our friend and long-time NYSCAR board member, Gordon Furlani (Greater Capital Chapter) passed away. Furlani served on the NYSCAR board for many years and was instrumental in the formation of NYSCAR. He was always willing to help out with any of the committees
Upcoming New York State Commercial Association of Realtors professional development events
May 13, 2025
We are pleased to offer the following courses, via Zoom for your continuing education. Be sure to take the appropriate courses to renew your NYS real estate license. Don’t put your license in jeopardy
NYSCAR to host annual conference at Rivers Casino & Resort in Schenectady on June 16 & 17
May 13, 2025
Albany, NY The New York State Commercial Association of Realtors’ (NYSCAR) annual conference will be taking place at Rivers Casino & Resort in Schenectady, on June 16-17.This event brings together top commercial real estate professionals and industry leaders from across the state for two days of networking, education, and insight into the
NYS Commercial Assn. of Realtors May 2025 president’s message - by Robert Strell
May 13, 2025
We look forward to seeing you at the 23rd Annual Conference which will be held June 16-17, 2025 at Rivers Casino, Schenectady. NYSCAR first vice president Mercedes Brien (RAC) is the conference chair. Gather with your friends and colleagues to learn, network and do business. June 16 will feature several great education programs including
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
Broome County economic development surged in 2024 with $174m in new private investment
May 13, 2025
Binghamton, NY Broome County marked a pivotal year of economic momentum in 2024, with more than $174 million in new private investment supported by the Broome County Industrial Development Agency (IDA) that will drive more than 1,000 jobs and $30 million in tax revenue, according to The Agency’s 2024 annual report.
Time Equities acquires 62,049 s/f The
Shoppes at Westgate for $6.15 million
May 13, 2025
Rochester, NY Time Equities, Inc. (TEI) has acquired The Shoppes at Westgate, a 62,049 s/f shopping center located at 2004-2042 Chili Ave. for $6.15 million. This is the firm’s first property to be acquired and managed by TEI National Retail in Rochester.
Murabito joins Harris Beach Murtha’s CRE practice
May 13, 2025
Syracuse, NY An attorney with experience as in-house legal counsel at a multinational conglomerate and as general manager and counsel for a commercial real estate syndicate is joining Harris Beach Murtha’s commercial real estate practice group and real estate developers industry team.
RFR sells development site at
175 3rd St. in Gowanus for $160 million
May 13, 2025
Brooklyn, NY RFR sold its development site located at 175 3rd St. in the Gowanus neighborhood. Tavros Capital and Charney Companies acquired the 750,000 s/f site – one of the largest development sites in in the newly rezoned Gowanus submarket – for $160 million. After several years
CBRE and Vornado lease to Gameday Men’s Health
May 13, 2025
Manhattan, NY Gameday Men’s Health has signed a second lease in the A&D Building at 150 East 58th St. This 2,416 s/f location is set to open in the Upper East Side. Gameday Men’s Health is delivering testosterone replacement therapy, peptide therapy, PRP hair growth treatments, erectile dysfunction treatment, medical weight loss programs,
Capitol Fire Sprinkler delivers advanced fire protection system at newly renovated Hunts Point Libra...
May 13, 2025
Bronx, NY Capitol Fire Sprinkler completed a comprehensive fire protection project at the Hunts Point Library, 877 Southern Blvd. The new fire safety systems are part of a $32 million renovation project at the landmark building and include the installation of a fire sprinkler system installed
Town of the Month: Cortlandt, New
York...Cortlandt truly is where life works
May 13, 2025
Cortlandt, NY How many developers, businesses and commercial realtors located in southern Westchester and New York City are aware of a hidden gem nestled along the Hudson River, less than an hour train ride from midtown? Probably not many. So now is the time to visit and learn more about this gem: the Town of Cortlandt.
Simone Development Companies signs DLP Distribution to 1,600 s/f at 66 Westchester Sq.
May 13, 2025
Bronx, NY Simone Development Companies has signed a new long-term lease with DLP Distribution for a 1,600 s/f discount appliance store at 66 Westchester Sq. The new store will be DLP’s fifth New York location. Simone Development’s in-house leasing and legal teams represented ownership in negotiations with the tenant,
EW Howell Construction
Group completes $160m Davis Center
May 13, 2025
Harlem, NY The new Davis Center is one of the most complex projects ever undertaken in Central Park’s long history. Spearheaded by the Central Park Conservancy, the project was designed by Susan T. Rodriguez Architecture & Design and Mitchell Giurgola. EW Howell Construction Group served
HUNT Real Estate ERA named #1 ERA Real Estate Network brokerage for sixth consecutive year
May 13, 2025
Buffalo, NY HUNT Real Estate ERA has once again secured its position as the top-performing brokerage in the ERA Real Estate network, earning the #1 ranking in both sales volume and units sold for 2024. This achievement marks the sixth consecutive year that HUNT has led the ERA network, reinforcing its reputation for excellence, innovation,
JRM Construction Management builds 4,200 s/f Staple Pigeon retail store at 21 Mercer St
May 13, 2025
Manhattan, NY JRM Construction Management has completed construction of Staple Pigeon’s inaugural U.S. retail store at 21 Mercer St. in the SoHo district. Transforming a former Nike location into a 4,200 s/f immersive shopping destination, this modern space captures the influential streetwear brand’s edgy, street-inspired identity while offering a bold new
REBNY names winners for annual Commercial Sales Most Ingenious Deal of the Year Awards
May 13, 2025
Manhattan, NY The Real Estate Board of New York brought together hundreds of members on April 30th for the recognition of the REBNY Commercial Sales Most Ingenious Deal of the Year Awards. The 81st occurrence of the annual event was hosted at the Lever House in Midtown and saw a team from ABS Partners take home the top award, followed by professionals
OPEN Impact Real Estate leases 8,619 s/f to Bike New York’s Recycle-a-Bicycle
May 13, 2025
Brooklyn, NY According to OPEN Impact Real Estate (OPEN), Bike New York has signed a new 10-year lease for 8,619 s/f on the third floor of Industry City’s 4014 1st Ave. The new space will house Bike New York’s Recycle-a-Bicycle program.
Stenson of Brax Realty sells Harlem & Queens portfolio - $8.22 million
May 13, 2025
Queens, NY Brax Realty negotiated the sale of a five-building portfolio located across Harlem and Queens for a total purchase price of $8.22 million. The properties included 1873 Lexington Ave., 149 East 116th St., 151 East 116th St., 175 East 116th St., and 220-20 Merrick Blvd. The sale marks the first time this portfolio has changed hands
Empire Commercial Construction delivers 6,000 s/f San Lorenzo Montessori
May 13, 2025
East Rochester, NY Empire Commercial Construction completed the contract for San Lorenzo Montessori. Empire partnered with Greater Living Architecture for design of the over 6,000 s/f childcare/educational fit out located at 105 Despatch Dr. The space completion and official opening from their Fairport relocation occurred in early January.