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.
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%.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.
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.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% occupiedEast 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 rate
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 regardingBinghamton, 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.Syracuse, NY
Kristen Nave and Ben Lewis of Sutton Real Estate Company, LLC. represented the landlord in a
3,700 s/f long-term lease of a third floor office to retail conversion space at 301 West Fayette St. in Armory Sq.Schroon Lake, NY
Bonacio Construction is renovating the Word of Life Inn & Family Lodge in Schroon Lake. Spring City Development Group is working with the project owners, Sonny and Julie Bonacio, Andrea Crisafulli, and Alan Ayers,