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National Grid provides $850,000 in local grants
October 1, 2019
Buffalo, NY According to National Grid, the company is providing grant programs for economic development. This latest round of funding totals $850,000 for the following ventures…
Philanthropist Golisano donates $7.5 million to Roberts Wesleyan College community center; New $13.5...
October 1, 2019
Rochester, NY Roberts Wesleyan College received a gift of $7.5 million from Paychex founder and philanthropist Tom Golisano to build a new Community Engagement Center. The 25,000 s/f two-story, center will serve as a
Briggs & Stratton opens new manufacturing facility; Retains 500, creates 52 new jobs in Mohawk Valle...
October 1, 2019
Sherrill, NY Briggs & Stratton Corp. held a grand opening for its newest commercial products manufacturing facility in Oneida County. Due to the company’s commercial market growth, Briggs & Stratton needed a larger facility for
MacAffer of CBRE-Albany sells Niskayuna shopping center for $1.85 million; ACM Northfield CR, LLC se...
October 1, 2019
Niskayuna, NY CBRE-Albany completed the sale of 2341 Nott St. This is Phase 2 of St. James Square/Shop Rite Square, a two-story 43,000 s/f‚“L” shaped neighborhood shopping center comprised of retail and office space. John MacAffer of CBRE-Albany represented the
SWBR celebrates opening of 33,000 s/f Golisano Autism Center in Rochester
October 1, 2019
Rochester, NY Following two years of planning and construction, a ribbon-cutting ceremony was held to officially open the new Golisano Autism Center. The new 33,000 s/f building is named for Tom Golisano, philanthropist and
Laster, Chetner and Karpel of Meridian Capital Group place $57.2 million acquisition financing on be...
October 1, 2019
Rochester, NY Meridian Capital Group arranged $57.2 million in acquisition financing for seven multifamily properties on behalf of Carlton Management, LLC. The 10-year agency loan features a rate of 3.22% and six years of interest-only payments followed by a 30-year amortization schedule…
Hunt Q&A: Harnessing the brokerage community
October 1, 2019
Q: I have vacant space available in an office building that I want to lease out. What is the best way to work with brokers? Should I be hiring an exclusive agent?
A: While no one broker makes a substantial percentage....
Zere Real Estate Services completes $1.401 million sale of 8,000 s/f industrial building in Holbrook...
October 1, 2019
Holbrook, NY Zere Real Estate Services sold an 8,000 s/f industrial building for $1.401 million on 0.73 of an acre near the Veterans Hwy. MacArthur Airport Business Corridor. Marie Zere, president & CEO and Michael Zere, executive vice president....
Weiss of T. Weiss Realty reps landlord and tenant in 6,000 s/f office lease
October 1, 2019
Melville, NY According to T. Weiss Realty Corp., a family-owned developer, landlord and manager of commercial real estate, Sphere, a payments technology and software company, has relocated and expanded its executive offices within its 500,000 s/f office portfolio.
Five Point Real Estate arranges two sales totaling $3.815 million and a 5,739 s/f lease
October 1, 2019
Brookhaven, NY Five Point Real Estate has arranged three deals that include two sales totaling $3.815 million and a 5,739 s/f lease. The deals include the following:
Einhaus of iES addresses attendees of BOMA NY Lunch & Learn
October 1, 2019
New York, NY After an active summer break, BOMA New York re-engaged its Lunch & Learn program and welcomed another sold out crowd to its midtown office for a presentation by Eddie Einhaus, general manager of Integrated Energy Services (iES).
IREM NYC holds Rent Regulation luncheon on September 20th; Keynoted by David of Crain’s New York B...
October 1, 2019
New York, NY The Greater New York chapter of IREM held a "Rent Regulation: What Happens Now" luncheon on September 20th at Union League Club. The keynote speaker was Greg David of Crain's New York Business...
QBS: Choosing experienced firms for public projects - by Jay Simson
October 1, 2019
Qualifications-Based Selection (QBS), a procurement process widely used throughout New York State and the country, designates superior qualifications and experience as the paramount basis for selecting engineering and architectural professionals...
PWC-NY holds PDAC’s third quarter event on September 10th; Focused on salary negotiations and prom...
October 1, 2019
New York, NY PWC’s Professional Development Advisory Council’s (PDAC) third quarter event held on September 10th at AllSteel Showroom tackled the industry’s most elusive topic: Compensation.
What commercial real estate borrowers need to know before applying for a loan - by Chris Mavros
October 1, 2019
Before a commercial real estate borrower engages a traditional or other lending institution, he or she needs to be aware of the ground rules. The basics can be boiled down to a set of what I call the “top 10” rules. Investors that ignore them could...
What are the strategic alternatives to a Qualified Improvement Property (QIP)? - by Carly Ferris
October 1, 2019
Qualified Improvement Property (QIP) has undergone a number of changes over the years and is currently at the center of a major controversy following a drafting error in the Tax Cuts and Jobs Act (TCJA).
How companies can get the most benefits during the solar purchasing process - by Yaniv Kalish
October 1, 2019
Installing solar panels offers numerous business benefits, including strong financial returns, immediate tax advantages and lasting environmental benefits. Many companies are aware of the benefits, but are not sure how or where to get started.
Demand increases for transit-oriented workforce housing: Opportunities for investors and renters - b...
October 1, 2019
In June, NYS passed the Housing Stability and Tenant Protection Act of 2019, a far-reaching effort to expand the scope of rent regulations. The impact has been swift and dramatic. In addition to the long-term effects on the NYC rental housing market...
Silverbeck’s 109-unit HERO LIC development hits effective status
October 1, 2019
Queens, NY According to real estate owner, developer and investor Silverback Development, the firm’s first project in Long Island City, HERO LIC, hit effective status in record time for the neighborhood, after...
Yonkers, New Rochelle and White Plains mayors address real estate leaders
October 1, 2019
Rye Brook, NY Mayors from Westchester's largest cities told members of Westchester's largest residential real estate company that the county's cities are thriving and on the cusp of an economic development revival.