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REBNY announces 2023 annual event honorees
February 14, 2023
The Real Estate Board of New York (REBNY), New York City’s leading real estate trade association, announced those who will be honored at the REBNY Annual. On April 20th at the Glasshouse, this event brings together industry leaders and public officials for a night of celebration, networking, awards, and a culinary experience
Commercial Classroom - by Edward Smith, Jr.
February 14, 2023
New Year’s Resolutions for Commercial Real Estate Agents 1. Meet two building owners or tenants in your town every day. Systematically meet every business owner in your town. Two a day, ten a week, forty prospective clients/customers a month; you will become “The Commercial
Vestian establishes Sun Belt Hub with new Tampa Bay office
February 14, 2023
Tampa Bay, FL Vestian, a global commercial real estate solutions firm, has established a Sun Belt hub with the opening of its new office. Headquartered in Chicago, Vestian serves major domestic and international companies with offices throughout the U.S., Europe, India and China. The establishment
NYSCAR legal update 2023 dates
February 14, 2023
Albany, NY As a free member benefit, NYSAR hosts FREE monthly legal updates via Zoom. These updates will be available for 1 hour of CE credit that satisfies the CE requirement for training on legal matters. CE credit is available on a first-come, first-served basis, but the updates will also be live streamed
Real estate investment measurements using excel
February 14, 2023
Instructor: Joseph Larkin, CCIM, MCR, SIORDate: March 21, 2023Time: 11:00 am – 1:00 pm CE Credit: 2 hours
“Commercial Real Estate Ethics” (includes one hour of agency)
February 14, 2023
Instructor: Edward Smith, Jr.Date:February 21, 2023, via ZoomTime:9:00 am – 12:45 pm CE Credit: 3.5 hoursRegistration fee:
February 2023 message from the president of NYSCAR
February 14, 2023
We are looking for another productive year and offering of some 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, New York. The conference is hosted by the NYS Commercial Association of REALTORS, the Upstate NY CCIM Chapter and the Society
Perlman of Largo Group arranges $1.9 million in refinancing
February 14, 2023
Buffalo, NY Ned Perlman, vice president of originations at The Largo Group of Companies, arranged $1.9 million for the refinance of a 20-unit multifamily property.
Vanguard-Fine brokers three transactions
February 14, 2023
Albany, NY Vanguard-Fine, LLC has brokered three transactions. • Steven Lerner and Barry Feinman of Vanguard-Fine, LLC brokered sale of 15 Centre St., Albany, between buyer: Eric Blair-Joa
TCN Worldwide Real Estate with Hanna Commercial Real Estate expand into four new markets
February 14, 2023
Buffalo, NY Ross Ford III, president & CEO of TCN Worldwide Real Estate Services, has opened four new TCN Worldwide offices in Columbus, Pittsburgh, Buffalo and Rochester. Expanding their TCN Worldwide footprint, Hanna Commercial Real Estate/TCN Worldwide will be serving these markets alongside TCN Worldwide’s newest
Rockabill hires Dirr as principal
February 14, 2023
Buffalo, NY Rockabill, a development partner and consultant to nonprofit and for-profit owners, has hired Christopher Dirr as a principal. In his role, Dirr will focus on utilizing Rockabill’s knowledge of intricate affordable housing financing tools to develop and preserve affordable and supportive housing in upstate NY
Newmark Ciminelli brokers two lease transactions for Wells Fargo offices totaling 13,000 s/f
February 14, 2023
Buffalo, NY Newmark Ciminelli’s brokerage services team completed two leasing transactions for the multinational financial services company, Wells Fargo. Wells Fargo engaged the team at Newmark Ciminelli to advise them on two of their existing Buffalo-area office locations, which led to two
Axiom Capital arranges $3.872m financing for 21,235 s/f redevelopment
February 14, 2023
Troy, NY Axiom Capital Corp. has structured and arranged a $3.872 million (12 years, 2 years I/O then fixed rate) construction to permanent loan for the redevelopment of a vacant 21,235 s/f historical building. Upon completion, the property will be a multi-faceted, mixed-use building with 14 units of multifamily
IPA brokers sale of The Plaza at Salmon Run - 68,761 s/f
February 14, 2023
Watertown, NY Institutional Property Advisors (IPA), a division of Marcus & Millichap, sold The Plaza at Salmon Run, a 68,761 s/f grocery-anchored retail plaza. “Located in one of Upstate New York’s dominant regional shopping areas, The Plaza at Salmon Run is close to Fort Drum, a U.S. Army’s military
Rural Housing Coalition produces mobile home community preservation guide
February 14, 2023
Albany, NY The Rural Housing Coalition has produced a Mobile Home Community Preservation Manual that shows how residents can keep their mobile home communities through cooperative or non-profit purchase of the mobile home park from private owners.
Snyder, Roth and Murphy of University Hill Realty arrange $8.05 million sale
February 14, 2023
Syracuse, NY Christopher Snyder, Norman Roth, and Dan Murphy, licensed New York State real estate brokers with University Hill Realty, Ltd., facilitated the assemblage and sale of six tax parcels spanning East Genesee St., South Crouse Ave., and East Fayette St.
Sutton Real Estate Company, LLC. brokers three sales totaling $1.7 million
February 14, 2023
Camden, NY Stephen Saleski of Sutton Real Estate Company, LLC brokered the sale of 27 Main St., a 12,000 s/f retail plaza, owned by the Bellinger Irrevocable Trust, which sold to 437 Liberty St. LLC for $556,000. There were no other brokers involved.
Vanguard-Fine brokers two transactions
February 14, 2023
Glenmont, NY Kenneth Brownell and Paul Bulmer of Vanguard-Fine, LLC and Brian Donovan of Donovan Real Estate Services brokered the lease of the 1,000 s/f ATM space between JP Morgan Chase and Livos Albany Group, LLC c/o Schuyler Companies.
Largo Group arranges $5.4m to refinance a MHC
February 14, 2023
Niagara Falls, NY Jack Phillips, principal at The Largo Group of Companies, arranged $5.4 million refinancing for a manufactured housing community. The project will total 148 pads. The park is considered a four-star property with double wide lots, paved roads, curbing, streetlights, landscaping, and an on-site property manager.
Cleeman Realty Group sells 4,500 s/f McDonald’s site for $2.29 million
February 14, 2023
Tonawanda, NY Cleeman Realty Group has completed the $2.29 million sale of a McDonald’s situated on an outpad in front of a Tops Supermarket anchored center. The net lease property is located on Young St. and consists of 4,500 s/f on 1.25 acres. The McDonald’s has been at the location since the early 1990s