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Dunne, Neuer, Pride, Bardsley, Gavin, & Apfel of CBRE sell 656 units for Bainbridge Cos.
December 1, 2020
Hauppauge, NY The CBRE team of Jeffrey Dunne, Jeremy Neuer, Gene Pride, Steven Bardsley, David Gavin and Eric Apfel handled the sale of Devonshire Hills, a 656-unit multifamily community for an undisclosed sum. CBRE represented the owner, The Bainbridge Cos.
Realty Connect Comm’l. Partners completes $1.275 million sale
December 1, 2020
Ronkonkoma, NY Realty Connect Commercial Partners completed the sale at 2135 Pond Rd. The sale price was $1.275 million. Thomas Murphy, a licensed sales associate at Realty Connect Commercial Partners, represented the purchaser, AA Surplus Sales.
SWBR expands with 3tarchitects acquisition
December 1, 2020
Rochester, NY SWBR acquired Troy-based 3tarchitects. The acquisition will allow SWBR to expand geographically into the growing Capital Region and will allow 3tarchitects to deepen their impact by expanding the size and scope of their projects. “Over the past 50 years, we have maintained a proud heritage of designing memorable places
Community Loan Fund awards COVID-19 small business grants
December 1, 2020
Schenectady, NY The Community Loan Fund of the Capital Region awarded $121,000 in grants to small businesses impacted by COVID. These grants are part of the City of Schenectady’s Small Business Assistance Program and will help businesses adjust to the challenges of the pandemic.
How three sectors came together to help their community with a new affordable housing model - by Jen...
December 1, 2020
In an effort to address some of the many issues found at Affordable Housing complexes in our country, as well as to help find homes for those in need of affordable housing in our community, a unique and innovative partnership was formed. Our team at Jewish Family Service of Rochester, New York (JFS) sought out a local affordable apartment community
Defining the new landscape of workforce development - by Stacey Duncan
December 1, 2020
At the end of the day, workforce development is truly about the people. As leaders in defining the new workforce landscape, The Agency and the Greater Binghamton Chamber of Commerce through the Leadership Alliance are striving to bolster the workforce while simultaneously fostering a sustainable quality of life for all Broome County residents.
December message from the president of NYSCAR - by James Walker
December 1, 2020
Call for Realtor of the Year Nominations – NYSCAR is taking nominations for the 2020 Realtor of the Year. If you would like to nominate an active NYSCAR member for this year’s award, please send a nomination letter to NYSCAR, 130 Washington Ave., Albany, NY 12210 by December 15th.
1031 exchange is a solution to transition into passive real estate ownership - by Russell Gullo
December 1, 2020
Scenario: You have owned investment real estate for many years and have been involved in the day-to-day (active) management of the assets. You are at the point in life where you are tired of being an “active” investor but you’re unsure if you can afford to sell because of the tax associated with your gain.
Largo originates $6.2 million for Buffalo multifamily development
December 1, 2020
Buffalo, NY Ned Perlman, vice president of originations at Largo Capital’s local office arranged construction to permanent financing for a multifamily development. The $6.2 million transaction consisted of a $5 million first mortgage and a $1.2 million line of credit
NYSERDA and National Grid launch energy savings program
December 1, 2020
Albany, NY The New York State Energy Research and Development Authority (NYSERDA) and National Grid have launched the Home Energy Savings Program, a pioneering, pay-for-performance residential energy savings pilot program in Central New York. This initiative will help provide opportunities for contractors
Wendel welcomes Pietkiewicz as director of project development
December 1, 2020
Buffalo, NY Wendel, a nationally recognized architectural, engineering, energy efficiency and construction management firm, welcomed Michael Pietkiewicz as director of project development. Pietkiewicz’s focus will be on the firm’s national higher education client sector.
Berkshire Hathaway Blake Commercial Division facilitates $2.1 million sale
December 1, 2020
Troy, NY According to Berkshire Hathaway Blake Commercial Division, two buildings located downtown, sold for $2.1 million. The properties contain 30 apartments and nine commercial spaces. The buyer is an undisclosed investment group from downstate. The cash deal closed Oct. 30.
SWBR honored by 2019 Jeffrey Zogg Build New York Awards for design of RIT’s MAGIC Spell Studios
December 1, 2020
Rochester, NY SWBR was recognized by the 2019 Jeffrey Zogg Build New York Awards for its design of Rochester Institute of Technology’s MAGIC Spell Studios at a virtual award ceremony held on October 20th. The Association of General Contractors NYS awards highlight the positive impact of the construction industry in New York State
JLL Capital Markets arranges JV equity for Rosemont Brookhaven
December 1, 2020
Bellport, NY JLL Capital Markets arranged joint venture equity for Rosemont Brookhaven, a 795-unit, garden-style multi-housing property. JLL worked on behalf of Investcorp, to arrange the joint venture equity investment. The JLL team representing the borrower was led by senior managing director Jose Cruz
EW Howell Construction Group is general contractor for $35 million medical facility
December 1, 2020
Long Beach, NY EW Howell Construction Group, one of the New York region’s leading builders, is serving as the general contractor for the Mount Sinai South Nassau’s Long Beach Medical Arts Pavilion at 440 East Bay Dr., which recently broke ground.
The Agency publishes Broome County Dashboard
December 1, 2020
Binghamton, NY The Agency in partnership with data and software experts, eImpact, has developed a new Broome County Dashboard. The Dashboard monitors the economic health of Broome County through providing both baseline data as well as changes to the economy
Triangle Equities completes model units at 80-residence Kensington Estates in Woodbury
December 1, 2020
Woodbury, NY Triangle Equities completed two new model residences—The Ascot & The Derby—at Kensington Estates, a 55-and-over luxury community on Long Island’s North Shore. Currently in pre-sales, the first townhomes are anticipated to be move-in ready before year’s end.
Sherman of Manhattes Group collaborates with Kalmon Dolgin in $4.2 million sale
December 1, 2020
Brooklyn, NY According to The Manhattes Group, they have sold a 11,844 s/f building for $4.2 million. Michael Sherman of The Manhattes Group acted on behalf of the buyer, 419 16th Street LLC. Neil Dolgin and Michael Blum of Kalmon Dolgin represented the seller, Abead Realty Corp.
HAP Investments breaks ground on $150 million 65 Franklin – 110,000 s/f mixed-use development
December 1, 2020
Manhattan, NY HAP Investments, a leading New York-based real estate investment and development company, today announced the groundbreaking for 65 Franklin St., a new luxury residential and retail development in Tribeca. The projected cost of the development is $150 million.