Upstate New York

Perlman of Largo Capital arranges $7.4 million for seven industrial properties

Buffalo, NY Ned Perlman, vice president of originations at Largo Capital, Inc., arranged $7.4 million in financing for a portfolio of seven industrial and manufacturing properties located mainly throughout Upstate New York. Perlman secured a limited recourse 18-year self-amortizing deal through one of

KeyBank provides $21 million financing for
61-unit Community View Apartments

Morrisville, NY KeyBank Community Development Lending and Investment (CDLI) provided a $9 million construction loan and $12 million in Low-Income Housing Tax Credit (LIHTC) equity for the construction of an affordable senior housing property.

2023 Hudson Valley apartment market - by Brian Heine

Rent control is coming to the Hudson Valley apartment market. Socialists in the New York state legislature are pushing to pass statewide rent control later this year in the form of the Good Cause Eviction bill. The bill would make it near impossible for building owners to evict tenants for almost any reason and add caps to rent increases for market

Marcus & Millichap sells 87,093 s/f
Pine Plaza for $8.14 million

Niagara Falls, NY Marcus & Millichap negotiated the sale of Pine Plaza, a 87,093 s/f neighborhood shopping center located at 8207 Niagara Falls Blvd. The asset sold for $8.14 million.

Cleeman Realty sells 77,000 s/f
Grand Union for $12.2 million

Cortland, NY Cleeman Realty negotiated the recent sale of a prime net lease Grand Union supermarket located on NY-281. The property, spanning 77,000 s/f on 11.1 acres, was sold for a remarkable $12.2 million. Michael Cleeman and Sam Seelenfreund of Cleeman Realty Group represented

NYSCAR's 21st Annual Conference had something for everyone - by Robert Strell

I am very pleased to report that the 21st Annual Conference held June 14-16, 2023 at the Turning Stone Resort and Casino in Verona, New York was a great success!  The event was sponsored by the NYS Commercial Association of Realtors, Upstate New York Chapter of CCIM and the Society of

Second annual Black Excellence Awards held on June 16

Binghamton, NY The Black Excellence Awards Committee hosted the second annual Black Excellence Awards, June 16, 2023 at the DoubleTree by Hilton. The awards this year honored 19 individuals across 17 different categories for their exceptional contributions in various trades

Muroff Hospitality sells A&W All American Food restaurant

Lake George, NY Muroff Hospitality Group negotiated the sale of the A&W All American Food; 2208 US-9. This drive-in restaurant has been a family-friendly mainstay since 1959.

Vogel of Largo Capital arranges first mortgage for 473 unit self-storage facility

Buffalo, NY Stephanie Vogel, COO of Largo Capital, secured a permanent first mortgage to refinance the existing debt and closing costs for an established self-storage property within Buffalo’s metropolitan statistical areas.

Study outlines role of manufactured homes in NYS housing crisis

Albany, NY More than 20 million Americans live in manufactured housing, according to the U.S. Census Bureau. That’s more than in public housing and federally subsidized rental housing combined.