Tonawanda, NY According to Empire State Development (ESD), Retech Systems LLC, which makes high-tech titanium melting furnaces for contractors in the aerospace, defense, and medical industries, will be expanding. The company, which has been in operation for more than a half century, has outgrown its headquarters on Northland Ave.
Washington, DC While the massive interest rate hikes have hammered the commercial real estate market, the recent Federal Reserve decision to hold rates unchanged will give the market a break. After 11 collective rate hikes in the last 18 months, commercial real estate credit has gotten even tighter
Kingston, NY The Kingston City Land Bank (KCLB), the Community Preservation Corp. (CPC), and partners are the first organizations in the state anticipated to close on affordable home sales under the New York State Legacy Cities ACCESS Program. This is also the KCLB’s first development partnership
Washington, DC The unprecedented surge in delivered units has amplified the available space within the multifamily sector. Over the last 12 months leading up to August, there has been a notable 32% upswing in units delivered to the market compared to the previous year. Consequently,
The board of governors of the New York State Commercial Assoc. of Realtors met at the Turning Stone Resort and Casino in Verona, on October 2, 2023. Committee reports and chapter reports were given and officers and governors were elected as follows: President, Robert Strell, WNY; first vice president, Mercedes Brien,
Buffalo, NY McGuire Development Co. welcomes three new additions to its tenant community. Empire Merchants (27,813 s/f) and General Insulation Co. (18,830 s/f) have leased space at the 490,853 s/f The Concourse Center at 4039 Genesee St. while SparkCharge (39,100 s/f) is relocating to the 117,100 s/f 425 Cayuga Rd.
Syracuse, NY Cushman & Wakefield/Pyramid Brokerage Company has negotiated nine CRE sales. • Joyce Mawhinney MacKnight from Cushman & Wakefield/Pyramid Brokerage Co. sold a 14,222 s/f church building on 14.11 acres at 5833 E. Seneca
Sloatsburg, NY Rand Commercial brokered the $11 million sale of 150 Sister Servants Ln., known as Table Rock. The 40,525 s/f estate was built in 1902 for the great-grandson of Alexander Hamilton.
NYSCAR just concluded Ed Smith’s CIREC course which ran August 17 – September 1. The 22.5 hour program covers “Working with Office, Retail and Industrial Buildings, Leases and Green Concepts, Working with Investment Properties, Financial Analysis, Taxes and Exchanges; Discrimination
Verona, NY The NYSCAR Annual Meeting will be held October 2
nd, 10:00 a.m. at the Turning Stone Resort and Casino. The nominating committee has recommended the following members to serve as officers and governors of the association:
