Upstate New York

Cleeman Realty Group brokers $15.95m sale of Grand Union Plaza

Cortland, NY Cleeman Realty Group brokered the $15.95 million sale of Cortland Grand Union Plaza. The 133,846 s/f shopping center is anchored by a Grand Union grocery store on a 21.6 acre lot.

The Agency readies for demolition of former IBM Country Club for new affordable housing project by Conifer/LeChase

Union, NY The Agency was joined by Broome County and town of officials to begin the demolition of the former IBM Country Club located at 4301 Watson Blvd. LeChase Construction, Delta Engineers and Gorick Construction will oversee the demolition of the blighted property.

Largo Capital Ltd. places $130 million

Montreal, Quebec Kevin Ross, managing director at Largo Capital Limited, arranged $130 million for the refinance of an office building.

Funiciello of JF R.E. sells Rosie’s Sports Pub & Grille

Syracuse, NY The 15,256 s/f former Tipperary Hill landmark, Rosie’s Sports Pub & Grille, at 1443 West Genesee St. has sold for $455,000

GreyHill Group acquires 64,536 s/f industrial building from Perry

Rochester, NY GreyHill Group has acquired a 64,536 s/f industrial property at 69 Seneca Ave. The one-story building is located in one of the city’s busiest commercial areas.

KABR Group and BTF complete $30m purchase of New City S.C.

New City, NY The KABR Group along with its joint venture partner BTF completed the $30 million purchase of the 125,110 s/f New City Shopping Center located at 78 North Main St. The retail site is 96% leased. The asset is in Rockland County’s CBD and less than one hour from New York City.

Van Der Bogart and Dowd of CBRE Syracuse sell 23,672 s/f car dealership

Fayetteville, NY Larry Van Der Bogart, and Marty Dowd of CBRE Syracuse exclusively represented the owner in the sale of 5427 North Burdick St.

Look next to Broome County for semiconductor investment & innovation - by Stacey Duncan

Broome County, located in the center of the Southern Tier region, has been the home for innovative ideas for generations. We are the birthplace of modern technology such as virtual reality, the flight simulator, and personal computing, and did you know that the patent for the first hybrid-vehicle was developed in Broome?

AmTrust RE signs nine leases totalling 80,000 s/f at 100-120 Madison St.

Syracuse, NY AmTrust RE completed nine lease transactions, comprising more than 80,000 s/f at 100-120 Madison St., a two-building, 635,000 s/f office property.

2022 Hudson Valley apartment market - Brian Heine

REIT AvalonBay Communities sold the 110-unit Class A Avalon Bronxville, in Westchester County, for $89 million or $809,000 per unit in 2021. A suburban garden apartment complex built in 1998, rents are $3,568-$8,834 per month for the one to three-bedroom apartments; a 2-bedroom 2-bath is advertised for $4.70 per s/f per month.