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Hunt Corporate Services Commercial Real Estate Q&A: Due diligence for the seller - by David Hunt
January 17, 2023
Q: I have hired a commercial real estate broker to sell our industrial building. The building has two tenants. He is asking for all sorts of information that I feel is part of the due diligence that the eventual buyer, not me, should be doing. Why go hunting for problems?
January 2023 message from the president of NYSCAR - by Dana Crocker
January 17, 2023
NYSCAR Board of Governors will be meeting on Tuesday, February 7, 2023, 11:00 am at the Crowne Plaza/Desmond Hotel in Albany. We are looking for another productive year and the offering of some great courses free to the NYSCAR membership. Also the Annual Conference will be held June 14-16, 2023 at the
Shrenkel hired as new CEO and executive director for Nassau County Industrial Development Agency
January 17, 2023
Mineola, NY The Nassau County Industrial Development Agency (NCIDA) has hired Sheldon Shrenkel to serve as the agency’s new CEO and executive director.
Brookhaven IDA closes on pact for 59,525 s/f Sunrise Wind facility at 22 Research Way
January 17, 2023
East Setauket, NY Frederick Braun III, chairman of the town of Brookhaven Industrial Development Agency (IDA) said that the agency has closed on an agreement...
Picone Construction breaks ground on 6,200 s/f office for Aebly & Associates
January 17, 2023
West Seneca, NY Picone Construction celebrated the ground breaking of Aebly & Associates new 6,200 s/f, two-story office building on the corner of Union Rd. and Center Rd. The new offices have been carefully designed by Carmina Wood Morris, architects, and Picone Construction
Stein named managing partner at Certilman Balin Adler & Hyman
January 17, 2023
East Meadow, NY Bernard Hyman has built his career as an established authority on real estate valuation, while simultaneously managing the second largest law firm on Long Island, Certilman Balin Adler & Hyman, LLP.
Wildenhaus named vice president at Rochester’s Cornerstone Group
January 17, 2023
Brighton, NY Megan Wildenhaus, director of human resources and operations has been elected a vice president of Rochester’s Cornerstone Group Ltd. She joined the firm more than four years ago after an extensive and successful career in California. In her responsibilities,
Guarino and Flaccomio of ERG Commercial Real Estate provide $2.5 million refinance for mixed-use
January 17, 2023
West Hempstead, NY ERG Commercial Real Estate through an affiliate, delivered a $2.5 million cash out refinance loan to the owner of a mixed-use property containing 13 apartments and two retail units. The 13,526 s/f, two-story brick property located at 102-110 Hempstead Tpke.
Business leaders request regional cost analysis as climate action council deliberates final scoping...
January 17, 2023
Business leaders in the Southern Tier are calling for a regional cost analysis, as the Climate Action Council (CAC) deliberates its final “scoping plan”. The heavily debated scoping plan will provide legislators with recommendations to meet the goals of the 2019 Climate Leadership and Community
HUNT Real Estate posts record sales year in 2022
January 17, 2023
Buffalo, NY According to HUNT Real Estate ERA the 2022 fiscal year broke previous records for sales with 13,824 residential units sold totaling $4.076 billion in sales volume, eclipsing the $4 billion mark for the first time in the company’s 111-year history.
BOMA presents “Distributed Antenna Systems & Staying Connected”
January 17, 2023
New York, NY BOMA New York hosted its first-ever proptech seminar entitled, “Distributed Antenna Systems & Staying Connected,” a timely, information-packed presentation by Connectivity Wireless, one of the nation’s largest providers of in-building cellular wireless solutions.
Vanguard-Fine negotiates 12 transactions
January 17, 2023
Albany, NY Benjamin Feinman of Vanguard-Fine, LLC brokered the lease between Rocateq USA and Vatrano Realty. The 1,000 s/f facility is located at 5C Vatrano Rd. Feinman also brokered the lease between International Road Dynamics and Joe Clark Realty. The 5,000 s/f business is located at 14 Walker Way, Colonie
IREM NYC 2023 award winners
January 17, 2023
Manhattan, NY IREM NYC Announces 2023 Award Winners! Congratulate the honorees at the organization’s Annual Dinner & Awards on Thursday, March 2, 2023 at 230 FIFTH in NYC.
Professional Women in Construction will be hosting members only evening
January 17, 2023
New York, NY Professional Women in Construction’s (PWC) Membership Committee is hosting our members only evening at Corkbuzz, a wine-centric restaurant specializing in wine classes and tastings.
YHA & TCB develop mixed-income housing for rooftop solar paneling
January 17, 2023
Yonkers, NY The Yonkers Housing Authority (YHA) and The Community Builders (TCB) have been working together to redevelop the 1940s-era Cottage Place Gardens public housing complex into The Ridgeway, a modern mixed-income community.
Finn and Rupprecht of CBRE Syracuse sell 5,300 s/f for $1.435 million
January 17, 2023
Lockport, NY CBRE Syracuse sold a 5,300 s/f bank branch and leased 2,400 s/f of office space in separate transactions. Michael Finn, CCIM and Mark Rupprecht, CCIM of CBRE Syracuse exclusively represented the owner in the sale of 5741 South
Property Resources Corp. appoints Matt Linde CEO and Ben Linde COO
January 17, 2023
New York, NY Property Resources Corporation (PRC), a leading New York City affordable housing developer founded in 1971, named longtime principals Matt Linde chief executive officer and Ben Linde chief operating officer.
Buckley of Endeavor Real Estate Group sells 28-unit The Academy Building
January 17, 2023
Rochester, NY Endeavor Real Estate Group negotiated the sale of The Academy Building, a 28-unit mixed-use 45,960 s/f building located at 13 South Fitzhugh St. Endeavor’s managing principal James Buckley represented the seller while also procuring the buyer,
The Hudson Companies, St. Nicks Alliance, and Project Renewal close on phase one of Greenpoint 54,00...
January 17, 2023
Brooklyn, NY The Hudson Companies, St. Nicks Alliance, and Project Renewal in partnership with the New York City Department of Homeless Services (DHS), the New York City Department of Housing Preservation and Development (HPD), and the New York State Historic Preservation Office (SHPO) have finalized the acquisition of and closing on $66 million in financing for the first phase of redeveloping
Savills hires Scala as senior director
January 17, 2023
New York, NY Savills has hired Christopher Scala as a senior director, building on the firm’s current project management capabilities and strategic advisory services in the Northeast region and across North America.