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Sutton Real Estate brokers two sales; Hillary of Pyramid assists in $820,000 deal
September 8, 2020
Waterloo, NY Sutton Real Estate Co. has completed the following: Bart Feinberg of Sutton Real Estate brokered the $820,000 sale of 853 Waterloo-Geneva Rd. (Rte. 20), which is a 4,100 s/f NYS Troopers Barracks.
September 2020 message from the president of NYSCAR - by James Walker
September 8, 2020
The NYSCAR will have their annual meeting held virtually on October 6th. The New York State Association of Realtors will also hold their Fall Business meetings virtually from September
Myles of JF Real Estate brokers sale of 6,100 s/f retail/office building; LaSalla with Acropolis Rea...
September 8, 2020
Fayetteville, NY JF Real Estate, a full-service commercial real estate brokerage firm, brokered the sale of a 6,100 s/f retail/office building located at 6891 E. Genesee St.
Prestige Hospitality Group welcomes Alps
September 8, 2020
Albany, NY According to James Frenis, CHA, CEO of Prestige Hospitality Group, LLC, (PHG) Jillian Alps has joined its team as regional director of operations.
HUNT Engineers and Architects and their partners lead innovation for Upstate development projects
September 8, 2020
Rochester, NY Affordable infill housing and targeted retail outlets with limited square footage will be the community development model for the next 10-15 years, according to HUNT Engineers and Architects’ senior project manager, Tom Bailey, AIA.
Silber Investment Properties completes 7-Eleven portfolio acquisition – $6 million
September 8, 2020
Allegany, NY Silber Investment Properties has completed the last segment of a portfolio acquisition of Upstate New York 7-Elevens for Peter Petrakis. The sum total of all property values within this acquisition was
Largo Capital arranges financing totaling $18.7 million
September 8, 2020
Buffalo, NY Largo Capital has completed financing totaling $18.7 million. Jack Phillips, principal with Largo Capital, arranged permanent financing for an independent senior community. The $12.1 million, non-recourse,
Portfolio optimization through 1031 exchanges - by Russell Gullo
September 8, 2020
A common issue faced by real estate investors is owning properties that are geographically scattered. A possible strategy allows for them to efficiently consolidate and optimize their holdings, pay no tax through a 1031 exchange, and
Vanguard-Fine facilitates eight sales totaling $6.823 million and completes 14 leases totaling over ...
September 8, 2020
Albany, NY Vanguard-Fine, LLC has completed the following: Barry Feinman, Kenneth Brownell and Paul Bulmer of Vanguard-Fine represented Albany Medical Center on the sale of 220 Washington Ave. Ext. between
Cushman & Wakefield | Pyramid Brokerage Co. retained for leasing/mgmt. of Riverview Center
September 8, 2020
Menands, NY Cushman & Wakefield | Pyramid Brokerage Co. (C&W|Pyramid) has been appointed receivership, property management, and leasing agent for Riverview Center located at 150 Broadway. Jeffrey D’Amore and Joseph Mahoney will be leading the leasing efforts of
Tuccillo of Marcus & Millichap reps seller in $9.75 million Walgreens sale
September 8, 2020
Wappingers Falls, NY Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, completed the sale of 1575 U.S. Rte. 9, according to
WinnCompanies celebrates ribbon cutting at Liberty Lofts at Sibley Sq. in Rochester
September 8, 2020
Rochester, NY WinnCompanies, a multifamily developer and property manager, celebrated the opening of 104 workforce apartments inside Liberty Lofts at Sibley Sq. The $23.6 million project marks the completion of a four-year effort to
Town of Hamburg IDA board approves land sale
September 8, 2020
Hamburg, NY The Hamburg Industrial Development Agency (IDA) Board of Directors, through their land development corporation, approved the sale of approximately 64.5 acres of land to Walden Development Group.
Community Preservation Corp. and Finning Properties close Freddie Mac financing totaling $13 million...
September 8, 2020
Cohoes and Schodack, NY The Community Preservation Corp. (CPC), a leading nonprofit multifamily finance and community revitalization company, and Finning Properties have closed two Freddie Mac Conventional Capital Markets Execution
Commercial Classroom: Websites must be Americans with Disabilities Act (ADA) compliant - by Ed Smith...
September 8, 2020
On July 22nd, 2020, the New York State Association of Realtors (NYSAR) issued an advisory: “Realtors Receiving Demand Letters from Law Firm Alleging Websites Do Not Comply with ADA Website Accessibility.” Being most real estate firms and agents have websites; I looked into this further.
Nassau County IDA approves benefits for Carle Place building
September 8, 2020
Carle Place, NY According to Richard Kessel, chairman of the Nassau County Industrial Development Agency, (IDA) the IDA has approved a package of economic development benefits for the new owner of One Old Country Rd.
Arbor Rlty. Trust appoints Ohana as director, sales
September 8, 2020
Uniondale, NY Arbor Realty Trust, Inc. appointed David Ohana as director, sales. He is responsible for originating Fannie Mae, Freddie Mac, FHA, SFR portfolios,
IREON to offer free webinar “How has the COVID pandemic affected the CRE industry?”
September 8, 2020
Westbury, NY IREON is offering a free webinar for real estate owners, developers, owners, operators and tenants, “How has the COVID pandemic affected the Commercial real estate industry” in the New York metropolitan region?
CBRE Q2 2020 office market report: LI market holding steady during COVID-19 pandemic
September 8, 2020
Melville, NY According to CBRE’s Q2 2020 office market report, the Long Island commercial office market remained unchanged quarter-over-quarter, showing strong fundamentals and stability despite an
Carswell of Largo Capital arranges $2.4 million permanent financing
September 8, 2020
Smithtown, NY David Carswell, managing director of Largo Capital’s Manhattan office, arranged permanent financing for an 11,000 s/f single tenant medical office property.