Upstate New York

JLL Capital Markets closes sale on 460-unit multi-housing development

Grand Island, NY JLL Capital Markets has closed the sale of Town Hall Terrace, a 460-unit multi-housing community. JLL marketed the property on behalf of a private owner who was the original owner and developer of the property and procured the buyer.

May 2023 NYSCAR president's message - by Robert Strell

As I write my first update letter as the newly elected president of the NYS Commercial Association of REALTORS, it is bittersweet because of the untimely passing of our late president, friend and colleague, Dana Crocker of Syracuse.

IPA sells The Shoppes at Jefferson Valley Mall - 153,151 s/f

Yorktown Heights, NY Institutional Property Advisors (IPA), a division of Marcus & Millichap, has sold The Shoppes at Jefferson Valley Mall, a 153,151s/f building. “Located in a Northern Westchester County trade area with a population of 85,000 and $123,000 median annual

Vanguard-Fine negotiates seven transactions

strong>Kingston, NY Vanguard-Fine has negotiated the following transactions: • Kenneth Brownell of Vanguard-Fine, LLC and Andrew Peckage of TRG brokered the 10-year lease between Harbor Freight Tools USA,

Phillips of The Largo Group secures $28 million refinance for 350,000 s/f office complex

Amherst, NY Jack Phillips, principal at The Largo Group of Companies, secured $28 million to refinance the existing debt and closing costs on a 350,000 s/f office property across eight buildings. The property has maintained consistent historical performance

Lanni and Holland of Kislak sell Woodland Apartments, a 58-unit complex at 1833 West Water St. for $2.83 million

Elmira, NY The Kislak Company, Inc. negotiated the sale of Woodland Apartments, a 58-unit complex at 1833 West Water St. for $2.83 million. Kislak marketed the property on behalf of the seller, Resko-Phil Partnership Elmira, with senior vice president Daniel Lanni handling the assignment.

Rosenblum Dev.’s 1818 Fifth Ave. wins $1m NYSERDA Round Three of the Buildings of Excellence Competition

Troy, NY Rosenblum Development Corp. has been selected as a winner of a $1 million award in Round Three of the Buildings of Excellence Competition, administered by the New York State Energy Research and Development Authority (NYSERDA), for the development of a net-zero emitting

Axiom Capital structures and arranges $25.35 million loan for 76,393 s/f medical office in Utica

Utica, NY Axiom Capital Corp. has structured and arranged a $25,356,396 (10-year, 2 years I/0) construction to permanent loan for a class A, multi-tenant medical office building. The project entails the construction of a 3-story, 76,393 rentable s/f building situated on 1.46 acres

Duncan of Leadership Alliance awarded 2023 Above & Beyond Award

Binghamton, NY Leadership Alliance CEO, Stacey Duncan, has been named a recipient of City & State New York’s 2023 Above & Beyond Award. City & State is a media organization dedicated to covering New York’s local and state politics and policy providing in-depth,

CBRE completes $137 million sale of 16-property national hotel portfolio

Fishkill, NY CBRE brokerd the sale of a 16-property, 2,155-key hotel portfolio located across nine states. A joint venture between Dallas-based NewcrestImage and Phoenix-based Hospitality Capital Partners (HCP) acquired the portfolio for $137.3 million.