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State awards $30 million to seven affordable housing developments
June 4, 2019
New York, NY According to governor Andrew Cuomo, $30 million has been awarded to seven affordable housing developments in the city that will create or preserve 522 affordable homes
Investment Sales: Build better buildings not bigger obstacles - by Michael Weiser
June 4, 2019
There have been plenty of hot button issues circulating in the real estate community this year, one of those issues is The Climate Mobilization Act: A package of bills passed by the City Council. The package of laws requires
Elk Homes begin leasing Colonial Court residences in Pelham
June 4, 2019
Pelham, NY Elk Homes, a developer of rental and multifamily housing, has started leasing for Colonial Court, its new 16-unit luxury residence.
McDonnell appointed COO of HUNT Commercial
June 4, 2019
Buffalo, NY According to HUNT Commercial Real Estate, Robert McDonnell has been appointed chief operating officer. McDonnell will be responsible for
Guarino of Friedman Roth is sole broker for $3.6 million sale on Staten Island
June 4, 2019
Staten Island, NY According to Friedman Roth, Richard Guarino partner, has brokered the sale of 690 Castleton Ave. The sale price was $3.6 million ($181.81 per s/f). The subject is a 19,800 s/f property with 14 apartments and two floors of commercial space.
Basser Kaufman secures 2,500 s/f lease with Starbucks; Helbling of Sabre assists
June 4, 2019
Hewlett, NY Basser Kaufman brokered a 2,500 s/f lease with Starbucks at Peninsula Shopping Center. Located at the intersection of Peninsula Blvd. and Mill Rd., the 70,707 s/f Nassau County shopping center
KeyBank Community Development Lending and Investment closes $42 million for Gilbane-led joint ventur...
June 4, 2019
Bronx, NY KeyBank Community Development Lending and Investment (CDLI) closed $42 million in Fannie Mae financing for the renovation of Twin Parks West
Mavashev of Alpha Realty leads team in seven sales totaling $10.76 million
June 4, 2019
Manhattan, NY According to Alpha Realty, the firm brokered seven sales totaling $10.76 million. A team led by principal Lev Mavashev, with associates Yehuda Leser and Jake Brodie…
AOM Investments breaks ground on LOFTS@JC multifamily project; The Agency Broome County IDA/LDC prov...
June 4, 2019
Johnson City, NY Praveen Kamath, founder and managing member of AOM Investments LLC, held a groundbreaking at the city’s former Dollar Store.
$16.1 million awarded to four Western New York affordable housing developments
June 4, 2019
Buffalo, NY According to governor Andrew Cuomo, $16.1 million has been awarded to four affordable housing developments in Western New York…
Premier Medical Group Urology Division to build Eastdale Village medical facility
June 4, 2019
Poughkeepsie, NY Premier Medical Group Urology Division, a growing urology practice, has signed an agreement to construct a medical facility at Eastdale Village
Prinzo’s Bakery celebrates completion of façade renovations: Part Albany's Small Business Façade...
June 4, 2019
Albany, NY Applications are now available as part of the city’s Small Business Façade Improvement Program’s third-round spring funding window with an additional
National Association of Realtors members remain positive on commercial market as economy remains rob...
June 4, 2019
Washington, DC While challenges remain, Realtors specializing in the commercial real estate sector should have confidence that growth will continue in the marketplace…
June message from the president of NYSCAR’s Upstate chapter - Guy Blake
June 4, 2019
As I write this letter, we are preparing to attend the 18th Annual NYS Commercial Real Estate Conference at Turning Stone Resort Casino in Verona, NY, June 3-5. We are looking forward to…
NYSERDA supports 2.76 MW solar project completed at CNY Anheuser-Busch brewery
June 4, 2019
Van Buren, NY Governor Andrew Cuomo celebrated the completion of a 2.76 megawatt solar project in CNY: Anheuser-Busch’s Baldwinsville brewery…
Performance analysis a must on multifamily investments - by Russell Gullo
June 4, 2019
A “financial physical” will show owners of multifamily investment property how they can double, triple and in some cases even quadruple the size of a real estate investment portfolio by using their current equity in a property that they own today. This is possible with the
Overview of the 2019 Buffalo apartment market - by Brian Heine
June 4, 2019
In recent years large institutional developers and investors have constructed student housing complexes surrounding the State University of NY at Buffalo, (SUNY) north campus in Amherst and the Buffalo State College in
CBRE|Syracuse brokers two sales totaling $555,000 and six leases: 48,932 s/f
June 4, 2019
Syracuse, NY According to Michael Finn, managing partner of CBRE|Syracuse, the firm has completed: Bill Anninos and Ed Kiesa, CCIM, of CBRE|Syracuse, with Brad Davis of…
architecture+ honored by American Institute of Architects with Excelsior Award for Public Architectu...
June 4, 2019
Oneonta, NY A interior renovation of Milne Library at SUNY Oneonta by architecture+ has been recognized with an Excelsior Award for Public Architecture.
Schwartz of Cushman & Wakefield leads team in sale of 68,862 s/f industrial asset; CMS Holding Co. s...
June 4, 2019
Chestnut Ridge, NY Robust interest and rapid contract execution for 3 Alpine Ct. reflects sustained demand for class A industrial product in the county. Cushman & Wakefield orchestrated the sale of this