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September message from the president of NYSCAR’s Upstate chapter - by Guy Blake
September 1, 2019
With Fall quickly approaching, it’s time to think about signing up for committees and nominations for Realtor of the Year (ROTY). This program is to recognize an outstanding active member of the New York State Commercial Association of Realtors for 2019.
HREC Investment Advisors arranges sale of Hampton Inn Rochester Irondequoit
September 3, 2019
Rochester, NY HREC Investment Advisors completed the sale of the 77-guestroom Hampton Inn Rochester Irondequoit. A regional owner/operator has acquired the property. The sale price was not disclosed.
Improvement project at Dunkirk Pier and harbor completed; Supported by Smart Growth Community Fund
September 3, 2019
Dunkirk, NY According to Governor Andrew Cuomo, improvements at Dunkirk Pier and harborfront have been completed. The project–supported by funding from the Smart Growth Community Fund–provides improved
BOMA New York highlights Emergency Preparedness Month; Discusses Best Practices with Trimboli of RXR...
September 3, 2019
New York, NY BOMA New York represents the commercial real estate industry throughout the five boroughs, 400 million s/f of office space, including some of the world’s most prestigious properties. These buildings, both old and new, were designed for commerce and access.
IREM NYC attends Yankees vs. Red Sox baseball game August 2nd; Chapter to hold sporting Clays Fundra...
September 3, 2019
New York, NY IREM NYC held its Annual Baseball Game event on August 2nd. Chapter members and friends had a fun outing to the biggest and best rivalry in baseball – the New York Yankees vs. the Boston Red Sox! REM NYC will hold a Sporting Clays Fundraiser – Benfitting You Gotta Believe...
ACEC New York’s staff promotions and new hire; O’Grady named senior vice president
September 3, 2019
Albany, NY ACEC New York has promoted the following team members: Hannah O’Grady has been promoted to senior vice president. She will take on additional strategic planning initiatives in this role.
Cushman & Wakefield|Pyramid completes seven sales totaling $3.44 million and secures 49,277 s/f in l...
September 3, 2019
Syracuse, NY Cushman & Wakefield|Pyramid Brokerage Co. (CW|Pyramid) has completed the following transactions:
8 Dwight Park Dr.: Bodycote Syracuse Heat Treating Corp purchased a 58,717 s/f industrial manufacturing facility from
PWC-NY to hold annual member meeting and committee sign-up; On October 23rd at the Teknion Showroom ...
September 3, 2019
New York, NY Over the past four years, Professional Women in Construction has seen significant growth in an active and passionate membership. To engage the members, the organization has four active committees, and members are invited to enroll on a committee once a year at the annual member meeting.
Cruz, Rizzi, Appel and Rutman of JLL Capital Markets close $18 million sale; Brittonfield Assoc. sel...
September 3, 2019
Syracuse, NY According to JLL, it has closed the $18 million sale of Crouse Medical Center, which comprises two connected buildings totaling 173,466 s/f of medical office space.
Tudor Collins Commercial Real Estate broker 10 leases: 106,400 s/f
September 3, 2019
Cheektowaga, NY Tudor Collins Commercial Real Estate have completed the following leases:
According to Patricia Collins and Eric Tudor of Tudor Collins, The Airport International Centre on Sonwil Dr. is continuing a
Vanguard-Fine leases 143,413 s/f and brokers sales totaling $7.632 million
September 3, 2019
Oneonta, NY According to Vanguard-Fine, LLC, the firm has completed eight sales totaling $7.632 million, and leased over 143,413 s/f:
• Barry Feinman and Kenneth Brownell of Vanguard-Fine brokered the $4.77 million sale of 5.2 Acres Gas Station, Car Wash and Office Building. The buyer and seller wish to
How two acquisitions and $470 million in cash altered control over NYC property management software ...
September 3, 2019
Over the last couple of years, Realpage (NSDQ: RP), a publicly traded provider of property management software solutions, acquired On-Site, an online leasing and marketing platform for $250 million in cash (2017) and then Clickpay, an online electronic payments platform for $218 million in cash (2018). Acquiring the two companies has vaulted
The price of air in New York City is far from free – Selling at prices that baffle the mind - by J...
September 3, 2019
The air we breathe may be free but the air rights in NYC aren’t and they are often sold at numbers that baffle the mind. With limited habitable land remaining in NYC, developers must go vertical to maximize what can be built. With every soaring skyscraper comes a unique and remarkable view for the residents living there. But what you...
Building owners beware: Failure to comply with NYC emission standard could lead to hefty fines - by ...
September 3, 2019
In April 2019, the NYC Council approved a “Green New Deal” to reduce greenhouse gas emissions by 2050. The regulations created an Office of Building Energy and Emission Performance (the office) within the Department of Buildings along with laws requiring certain buildings (the covered buildings) to comply with emission ceilings (the emission ceiling.)
Thor Equities launches Thor Sciences; focusing on the life sciences sector
September 3, 2019
New York, NY Thor Equities, a global leader in urban real estate development, leasing and management, has launched Thor Sciences, a division specializing in the life sciences sector. This comes on the heels of Thor’s $152 million acquisition of The Center of Excellence, a 784,000 s/f campus...
Governor Cuomo and NYNJPA launch RFP for JKF Airport redevelopment
September 3, 2019
strong>Queens, NY Governor Andrew Cuomo launched a request for proposals to solicit bids to provide expert professional construction management for the John F. Kennedy International Airport Redevelopment Program on an “as-needed” basis. The RFP, released by the Port Authority of New York and New Jersey...
L+M, Prudential and Goldman Sachs unveil amenities at Walker House; Team includes: Inglese Architect...
September 3, 2019
Newark, NJ L+M Development Partners in partnership with Prudential Financial and the Goldman Sachs Urban Investment Group released finished exterior, lobby and amenity space photographs of Walker House, the fully restored, landmarked former home of NJ Bel. The exterior and amenity photographs highlight the Art Deco masterpiece at 540 Broad St.,
Executive of the Month: Lara McNicol is making a difference in people’s lives every day at TSC Tra...
September 3, 2019
Queens, NY "I know that what I do makes a difference in people's lives. Safety training prevents accidents and injuries and delivers people home safely at the end of the day. Yet, my work goes beyond that. I assist workers in finding their place and help them transition to a different capacity....
Parlante joins Feil Organization as director of leasing
September 3, 2019
New York, NY Timothy Parlante has joined The Feil Org. as director of leasing, and will focus on the company’s office properties in NY and on Long Island. Over his 12-year career, Parlante has represented tenants and landlords in the office sector, establishing relationships with community leader...
Gertler appointed president and CEO of Empire State Development
September 3, 2019
Albany, NY Governor Andrew Cuomo has nominated Eric Gertler to serve as president and CEO of Empire State Development (ESD), New York State's chief economic development agency. Gertler, who is currently the executive chairman of U.S. News & World Report and has been on the board of ESD since June 2018...