Lancaster, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., arranged a $2.95 million permanent first mortgage to refinance the existing debt on a 20,000 s/f multi-tenant medical office building located in the suburbs of Buffalo.
Hamburg, NY CBRE Upstate NY negotiated the $4 million sale of 3556 Lake Shore Rd. The 164,025 s/f office building is on a 25-acre parcel near Woodlawn Beach State Park along the eastern shore of Lake Erie. CBRE Upstate NY’s Lida Eberz represented the seller, R&P Oak Hill LLC,
Poughkeepsie, NY Eastdale Village Town Center was lauded for its design and community impact. Kirchhoff and Union Studios received a 2024 Urban Guild Design Excellence Award from The Urban Guild for bringing the Eastdale vision to life.
Latham, NY Institutional Property Advisors (IPA) negotiated the sale of two Capital Region grocery-anchored retail spaces. IPA sold a 120,049 s/f The Fresh Market-anchored shopping center in Latham for $26.87 million. And IPA negotiated the sale of a new 65,000 s/f Market 32 Grocer that opened
Binghamton, NY The Greater Binghamton Chamber of Commerce held the annual Economic Forecast and Building BC Awards on February 19. Sponsors: M&T Bank (title sponsor); Newman Development Associates; Advance Testing, Co.; LeChase Construction Service, LLC; Marchuska Brothers Construction; Mirabito Energy
New Hartford, NY Pyramid Management Group has secured a three-year extension for the loan on Sangertown Square. This extension will allow Pyramid to continue to reinvest in the property and ensure its vitality, vibrancy and sustained success in Central New York and the Mohawk Valley.
Syracuse, NY Marcus & Millichap negotiated the sale of a two-property hotel portfolio in Upstate New York. “I am pleased to have successfully transacted this nuanced deal,” said Jerry Swon. “Both hotels will be renovated, with the Staybridge continuing to operate
East Aurora, NY Ned Perlman, vice president of upstate originations at Largo Real Estate Advisors, Inc. negotiated the closing of a $1 million multifamily construction loan. The planned units will be within walking distance to grocery stores and the attractions of Main St.
Rochester, NY The Upstate New York Chapter of the Appraisal Institute has two classes currently scheduled for real estate appraisers for continuing education (CE). The February 21
st seminar will be the seven hour Residential & Commercial Trends in Ellicottville at the Holiday Valley Resort & Conference Center
The New York State Commercial Association of Realtors Board of Governors met on Tuesday, February 4, 2025 at the Crowne Plaza Desmond Hotel in Albany. The following officers were installed for 2025: Robert Strell, WNY, president; Mercedes Brien, Rochester, first vice president; Carolyn Vinci, WNY, second vice president;
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