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Community Bank System to acquire Steuben Trust Corp.
November 5, 2019
Syracuse, NY Community Bank System, Inc. and Steuben Trust Corp. have entered into a definitive agreement pursuant to which Community Bank System will acquire Steuben Trust Corp., parent company of Steuben Trust Co.,
People Inc. hold ribbon cutting for Linwood Lafayette Senior Apts.
November 5, 2019
Buffalo, NY According to People Inc., Linwood Lafayette Senior Apartments, a new $11.6 million affordable housing development with 37 apartments, has been completed. The development will also include support
November message from the president of NYSCAR’s Upstate chapter - by Guy Blake
November 5, 2019
NYSCAR held their annual meeting on September 24th, 2019 at the Turning Stone Resort and Casino in Verona. Several members attended the NYSAR Commercial Issues Working Group meeting which was held just prior to the annual meeting. Many legislative topics were covered including
Live Nation and Saratoga Performing Arts Ctr. begin $9.5 million renovation
November 5, 2019
Saratoga Springs, NY According to governor Andrew Cuomo, construction is underway on a $9.5 million renovation project at Saratoga Performing Arts Center, an arts and culture destination located in Saratoga Spa State Park
Community Loan Fund of Capital Region expands business incubator: $12 million project to include off...
November 5, 2019
Albany, NY The Community Loan Fund of the Capital Region unveiled its plans for the expansion of its business incubator at an October 17th event. The new business incubator, which will be located at 236 Clinton
Syracuse Realty Group brokers $1.187 million in sales and leases total of 23,450 s/f
November 5, 2019
North Syracuse, NY Syracuse Realty Group has completed three sales totaling $1.187 million and leased a total of 23,450 s/f. Orazio Crisalli of Syracuse Realty represented the seller in the
Vida-Blend breaks ground for new 14,000 s/f facility – $1.4 million
November 5, 2019
Amsterdam, NY Vida-Blend, a manufacturer of premixed vitamin blends, formally broke ground October 25th in special ceremony to begin construction of a new production facility in Montgomery County.
What great CPAs ask about cost segregation, and what you should too–Part 1 of 4 - by Christie Elli...
November 5, 2019
Cost segregation provides income tax savings to owners of all types of commercial real estate and buildouts, by accelerating depreciation, decreasing taxable income, and providing you with income tax savings. If you own any
New York’s real estate tax syndrome: Are taxpayers becoming more accepting of high real estate tax...
November 5, 2019
The issue of high real estate taxes in New York State (NYS) used to be covered by numerous media outlets as interesting and an “attention getter” news story. Maybe it’s my imagination that the coverage on this topic has diminished. It is possible that our senses have become numbed by the
Axiom Capital arranges $3.1 million permanent financing
November 5, 2019
Greece, NY Axiom Capital Corp. has arranged $3.1 million in permanent financing for the refinance of a retail/ office plaza. The non-recourse loan was for 10 years at a fixed rate amortized over 30 years. The loan demonstrated a sub 60% LTV with
Sutton Real Estate Co. brokers $3 million sale and leases 5,000 s/f total
November 5, 2019
Syracuse, NY Bart Feinberg of Sutton Real Estate Co. brokered the sale of six acres to Bankers Healthcare Group (BHG) in the city’s Lakefront District for $3 million. BHG purchased the property for their new
DASNY and SUNY complete $30.7 million residence hall project
November 5, 2019
Albany, NY The Dormitory Authority of the State of New York (DASNY) and the State University of NY (SUNY), have completed the $ 30.7 million project to renovate Beverwyck and Schuyler Halls within the Dutch Quad at the
C&W|Pyramid Brokerage handles five leases totaling 42,972 s/f, closes ten sales totaling over $4.611...
November 5, 2019
Syracuse, NY Cushman & Wakefield|Pyramid Brokerage Co. (C&W|Pyramid) has completed the following sales and leases: 2309 Triphammer Rd. North, Ithaca: Planet Fitness leased 20,400 s/f at the Cayuga Mall. Joyce Mawhinney MacKnight and David Huckle of C&W|Pyramid
Buffalo Real Estate Investment Property Expo & Trade Show–November 18th
November 5, 2019
Cheektowaga, NY The Buffalo Real Estate Investment Property Expo & Trade Show, will be held Monday, November 18th at the Leonard Post, 2450 Walden Ave., (next to Walmart). Registration and
Duncan named president and CEO of Greater Binghamton Chamber
November 5, 2019
Binghamton, NY Peter Newman, regional president of M&T Bank and chairman of the Greater Binghamton Chamber of Commerce, was joined by fellow board members to reveal Stacey Duncan will serve as the new
Macerich leases 56,000 s/f to Saratoga Hospital at Wilton Mall
November 5, 2019
Saratoga Springs, NY Saratoga Hospital is leasing 56,000 s/f at Wilton Mall to free much-needed space for patient care on the main hospital campus. The lease, with mall owner and operator Macerich, reflects Saratoga Hospital’s long-term
Conifer Realty begins $118m rehab of Southeast Towers; Landsman Dev. completes $25m in upgrades to E...
November 5, 2019
Rochester, NY Governor Andrew Cuomo celebrated the preservation of two affordable housing developments: The start of a $118 million rehabilitation of Southeast Towers and the completion of a $25 million rehabilitation of E.L. Tower. Work on the two
Javier of HelmsleySpear passes away at age 72;
A 35-year commercial leasing and sales veteran
October 28, 2019
New York, NY Jimmy Javier, an assistant vice president at HelmsleySpear, passed away on October 25 at the age of 72. Javier was an accomplished and highly respected commercial broker with more than 35 years of commercial leasing and sales experience.
Tannor and Watson of Lee & Associates NYC negotiate 3,262 s/f lease to My Gym
October 23, 2019
Manhattan, NY Gregory Tannor, executive managing director/principal, and Michael Watson, associate irector, of Lee & Associates NYC have negotiated a ground-floor, 3,262 s/f lease at 207 West 79th St., between Broadway and Amsterdam Ave., for My Gym.
2019 Ones to Watch: Michael Tucker, Daniel Gale Sotheby’s International Realty
November 5, 2019
What do you consider to be your greatest success in the past 12 months?
I was recognized by Rechler Equity Partners with its R&D Deal of the Year Award for my work on a transaction that