Colonie, NY Axiom Capital Corp. has structured and arranged a $8.6 million permanent loan (five year with five-year extension option, fixed rate, non-recourse) for the refinance of a retail plaza located in the Latham area of town.
One of the goals I have as president is to visit the NYSCAR chapters throughout the state. Many thanks to the Southern Tier chapter leadership, Hudson Valley and Long Island,/NYC leadership for the courtesies extended to me during my recent visits with them. It was a great opportunity to talk to the members about common areas
Buffalo, NY M&T Bank has made leadership updates in its commercial bank which are designed to support its ongoing evolution and commitment to providing support to its clients and communities. These changes include the following promotions and new hires:
Buffalo, NY Jack Phillips, principal at Largo Capital, Inc. secured a permanent first mortgage to refinance the existing debt on a mixed-use property. The property features over 11,000 s/f of commercial space and 50 residential units. In addition, the property offers access to local amenities as well as major highways including
Endwell, NY The Greater Binghamton Chamber of Commerce honored nine young professionals and one mentor to a young professional at the Riverdale Banquet Hall. The HYPE Awards highlight professionals under the age of 30 who have demonstrated success in their career and industry in addition to making a significant positive
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
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.
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
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.
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
