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September 2022 message from the president of NYSCAR - by Dana Crocker
September 13, 2022
NYSCAR’s Annual Meeting will be held Saturday, October 1, at the Hilton Hotel in Saratoga Springs, NY. I’m looking forward to a productive meeting.
BFNHS’ $2.4 million Cigar Factory Apartments completed - 11 units
September 13, 2022
Buffalo, NY Governor Kathy Hochul said that a $2.4 million mixed-use development that brings 11 affordable homes and new commercial space to the city’s East Side has been completed. Cigar Factory Apartments consists of the
Funiciello of JF Real Estate and Johnson of Hunt co-broker $455,000 sale
September 13, 2022
Syracuse, NY Erin Development Manager LLC sold 477 James St. to Profit Properties LLC for $455,000. The new owners plan to rehab the building and do a full apartment conversion.
Rosina Food Products, Inc. completes $73.2 million plant expansion
September 13, 2022
West Seneca, NY According to governor Kathy Hochul, Rosina Food Products, Inc. has completed a $73.2 million expansion, adding a facility in Erie County. The new multi-million-dollar plant will produce a variety of meat products for
Empire Commercial Construction to build new 4,000 s/f Jiffy Lube
September 13, 2022
Webster, N.Y. Empire Commercial Construction was awarded the contract for the new construction of a Jiffy Lube service center. Empire is teaming up with national franchisee, Guggenheim Retail Real Estate Partners, and ARK 3CS Design Group, LLC for
Uniland Development plans 124 multifamily apartment complex
September 13, 2022
Perinton, NY Uniland Development Company plans to construct a three building, 124-unit multifamily apartment complex off Pittsford Palmyra Rd. The location was selected based on its location central to local restaurants, businesses,
Syracuse Realty Group brokers five sales totalling $3.845 million and a 1,850 s/f office space lease...
September 13, 2022
North Syracuse, NY According to Syracuse Realty Group (SRG), the firm completed the following five sales transactions and one lease: 524/535 Court St. was sold for $1.33 million. The mixed-use property was
$11.5 million expansion begins on Buffalo's West Side Bazaar
September 13, 2022
Buffalo, NY Governor Kathy Hochul said construction has begun on an $11.5 million project to create a new and expanded West Side Bazaar. Founded by the Westminster Economic Development Initiative in 2011, the West Side Bazaar
Axiom Capital arranges $6m permanent loan for 78 room hotel
September 13, 2022
East Greenbush, NY Axiom Capital Corp. has structured and arranged a $6 million permanent loan (10-year, fixed-rate) for the refinance of an extended-stay hotel. The property consists of 78 hotel rooms constructed in 2005 and
Ranieri of Northmarq arranges $5m refi of two multifamily properties
September 13, 2022
Vestal, NY Robert Ranieri, senior vice president/managing director of Northmarq’s White Plains debt/equity office, negotiated the $5 million refinance for two three-story properties (built in 1980-1985) that contain a
3d Development Group and Cayuga Housing Development Corp. begin 118-unit housing project in Ithaca
September 13, 2022
Ithaca, NY Governor Kathy Hochul celebrated a $75 million project to upgrade and preserve two outdated Ithaca Housing Authority properties with a total of 36 apartments and to replace another obsolete Authority property with
Nelson + Pope welcomes Adhya and Elmen
September 13, 2022
Melville, NY Nelson + Pope welcome two new employees to the firm: Tanima Adhya, PE and Robert Elmen. Adhya joins Nelson + Pope’s Water and Wastewater Department as a QA/QC officer with 27 years of industry experience. Prior to joining
H2M architects + engineers promotes Stone, Pizzardi, Hein, Jannace and Leger
September 13, 2022
Melville, NY H2M architects + engineers celebrated the following internal promotions: Katherine Stone, R.A, LEED AP, has been promoted from
P.W. Grosser Consulting elevates Scanlon, Tang; hires Mardenborough, Dinger, Leon, Novak, Treis, and...
September 13, 2022
Bohemia, NY P.W. Grosser Consulting, Inc. (PWGC), welcomed new associates, strengthening the Engineering, Environmental, and Administrative Divisions. In addition, PWGC promoted Michael Scanlon, PE to project manager from
Valanzano and D’Orazio of Colliers and TRITEC collaborate for 2,126 s/f lease
September 13, 2022
Patchogue, NY Colliers has secured a lease for Southdown Coffee in the New Village at Patchogue, a mixed-use development located downtown. A Colliers’ team comprised of senior
Eastman Cooke & Associates to complete 2,700 s/f renovation for BondVet
September 13, 2022
Woodbury, NY Eastman Cooke & Associates (ECA), a New York-based general contracting firm, has been awarded an interior renovation project for BondVet at 82-85 Jericho Tpke. The project entails rebuilding an existing 2,700 s/f
Maintaining project records could be the deciding factor for successful litigation - by Andrew Richa...
September 13, 2022
All too often parties to a construction project do not commence an action concerning issues that developed during construction until a few years after the project is completed. By that time project managers and superintendents have left the company
When a sale is not truly market value, it can help reduce your property taxes - by Brad Cronin and S...
September 13, 2022
A sale transaction does not always reflect the true market value of a property. The circumstances surrounding a sale transaction, when properly relayed to an assessor, can result in a significant reduction in property taxes.
Adjoining properties and the new ASTM E 1527-21 Phase One Environmental Site Assessment (ESA) Standa...
September 13, 2022
Earlier this year the ASTM task force passed the E-1527-21 standard which was also approved by the U.S. Environmental Protection Agency (USEPA). The new environmental phase one standard puts more emphasis on looking at the adjoining
Bao and Ichiddo Ramen join Samanea New York’s new Restaurant Row
September 13, 2022
Westbury, NY Samanea New York has signed leases with two new restaurant tenants, which will be joining Samanea’s new Restaurant Row located on the property’s North side facing Old Country Rd. Ten-year leases have been