NYSCAR July president’s message: 23rd annual conference was a hit - by Robert Strell

It was terrific to see many of you at the 23^rd Annual NYS Commercial Association of Realtors Annual Conference June 16-17, 2025 at the Rivers Casino in Schenectady. This year’s conference, chaired by Mercedes Brien (RAC) had great information on a host of topics as well as

Murphy of University Hill Realty brokers sale of Geddes Plaza

Solvay, NY University Hill Realty Ltd. negotiated the sale of Geddes Plaza, a mixed-use commercial and residential property. The transaction was brokered by Dan Murphy, associate broker with University Hill Realty, who represented the seller, BDS Realty Associates.

Upstate NY Chapter of the Appraisal Institute offering two upcoming educational opportunities

Rochester, NY The Upstate New York Chapter of the Appraisal Institute has an active education calendar for real estate appraisers for the remainder of 2025 for continuing education (CE) with upcoming seminars starting in August.

Venture Brokerage Group represents Starbucks in new lease

Salina, NY Starbucks has officially opened its newest café at 104 Elwood Davis Rd., taking over the former Burger King site near the intersection of Buckley Rd. and Seventh North St.

McDonough wins NYSEDC’s rising star award

Albany, NY The New York State Economic Development Council (NYSEDC) has selected Matthew McDonough, Esq., CRE, as the 2025 James W. Griffin Rising Star. McDonough is recognized for his leadership with the town of Babylon IDA and his work at McDonough PLLC.

Puchades promoted to partner at CVG

Canandaigua, NY CVG has promoted Valerie Puchades, FSMPS, CPSM, to partner. Puchades,  CVG’s director of strategic planning and a senior marketing specialist, has been instrumental in developing CVG’s strategic planning service line while directing the marketing programs of several CVG clients.

CBRE Upstate brokers $3.2
million sale of 11-property portfolio

Buffalo, NY CBRE Upstate NY, an affiliate of CBRE, negotiated the $3.2 million sale of an 11-property portfolio along Humboldt Pkwy. to Dofi Properties, a Buffalo-based development firm led by CEO Justin Fineberg and Dr. Marc Fineberg. The portfolio consists of homes located

Buffalo Apartment Market - Long-term investors should always be interested in needs-based hard asset like apartments - by Brian Heine

After rising to near 5% and falling back down to 3.6% in the last year the ten-year treasury note has stabilized in a range around 4% even with the recent turmoil over new import tariffs, significantly higher than four years ago. More interest rate cuts look to be unlikely this year

CPC and REO Holdings Carthage close on $10.8 million construction financing for rehab of Tichner and Jacobi Building

Rochester, NY The Community Preservation Corp. (CPC) closed a $10.8 million in construction financing with REO Holdings Carthage LLC for the gut renovation of the historic Tichner and Jacobi building located on the eastern bank of the Genesee River in downtown. The mixed-use project will create 41 new rental

Cushman & Wakefield arranges $20 million in construction financing for I-84 Orange County Logistics Center

Montgomery, NY Cushman & Wakefield served as the exclusive advisor to Ridgecut Rd. in the procurement of $20 million in construction financing for I-84 Orange County Logistics Center, a 146,075 s/f industrial development located at 14 Moosilauke Dr. The loan was provided by Catal Capital