Upstate New York
JLL Capital Markets secures $8.984m in financing for industrial warehouse
Albany, NY JLLCapital Markets has arranged $8.984 million in acquisition financing for 136 Fuller Rd., a 266,412 s/f industrial warehouse. JLL worked on behalf of the borrower, Vermont-based Redstone, in securing the 10-year, fixed-rate loan through Capital Bank.Cap rates or quack rates? - by John Rynne
If it looks like a duck and quacks like a duck, it might be a duck; quack, quack!!! As interest rates have escalated in all sectors over the past three quarters so have overall capitalization rates. The 10-year treasuries have escalated 146% from 1.63% to 4.01%.Orange County Ptrsp. approves Poly Craft project
Middletown, NY Poly Craft Industries, an advanced manufacturer, and printer of laminated and non-laminated plastic products has received final approval from the city’s planning board.November 2022 message from the president of NYSCAR - by Dana Crocker
I am pleased to thank Mary Peyton and Russell Gullo, CCIM for teaching recently. Mary taught the topics of implicit bias and cultural competency on Monday, September 19, 2022 with the course: Is a Rhombus a Square? Envisioning Bias and Culture in Real Estate. Students earned four hours of continuing education credit and met the new course requirement for license renewal.Phillips of Largo Real Estate Advisors arranges two refinances - $66.2 million
Amherst, NY Jack Phillips, MBA, principal at Largo Real Estate Advisors, arranged refinancing for two Upstate properties. Phillips secured $23 million to refinance a pair of medical office buildings. The buildings are 100% occupiedAxiom Capital funds loans for two retail centers - for total sale price of $24.82 million
East Greenbush, NY Axiom Capital Corp. has structured and arranged $24.82 million in permanent loans for two retail properties. Axiom Capital Corp. has structured and arranged a $11.62 million permanent loan (10-year loan, fixed rateOctober 2022 message from the president of NYSCAR - by Dana Crocker
The 2023 budget was approved and reports were heard from the committee chairs. RPAC chair Mike Johnson reported that NYSCAR reached 176% of their RPAC goal this year! He thanked everyone for contributing. Strat Planning chairman Joseph Rowley, Jr., updated the board regardingGreater Binghamton Chamber of Commerce creates strategic office of Placemaking Initiatives
Binghamton, NY According to representatives from the Greater Binghamton Chamber of Commerce, the chamber has created a strategic new position with the office of Placemaking Initiatives.Nave and Lewis of Sutton Real Estate lease 3,700 s/f in Syracuse
Syracuse, NY Kristen Nave and Ben Lewis of Sutton Real Estate Company, LLC. represented the landlord in a3,700 s/f long-term lease of a third floor office to retail conversion space at 301 West Fayette St. in Armory Sq.
