Upstate New York

Murabito joins Harris Beach Murtha’s CRE practice

Syracuse, NY An attorney with experience as in-house legal counsel at a multinational conglomerate and as general manager and counsel for a commercial real estate syndicate is joining Harris Beach Murtha’s commercial real estate practice group and real estate developers industry team.

Time Equities acquires 62,049 s/f The
Shoppes at Westgate for $6.15 million

Rochester, NY Time Equities, Inc. (TEI) has acquired The Shoppes at Westgate, a 62,049 s/f shopping center located at 2004-2042 Chili Ave. for $6.15 million. This is the firm’s first property to be acquired and managed by TEI National Retail in Rochester.

Broome County economic development surged in 2024 with $174m in new private investment

Binghamton, NY Broome County marked a pivotal year of economic momentum in 2024, with more than $174 million in new private investment supported by the Broome County Industrial Development Agency (IDA) that will drive more than 1,000 jobs and $30 million in tax revenue, according to The Agency’s 2024 annual report.

Mag Mile Capital closes $14.5 million CMBS financing for Marriott Rochester Airport

Rochester, NY Mag Mile Capital, Inc. closed $14.5 million in CMBS financing for the Marriott Rochester Airport. The financing was structured with a 65% loan-to-value (LTV) ratio, a five-year loan term, and a 30-year amortization schedule with two years of interest only. The non-recourse loan

NYS Commercial Assn. of Realtors May 2025 president’s message - by Robert Strell

We look forward to seeing you at the 23rd Annual Conference which will be held June 16-17, 2025 at Rivers Casino, Schenectady. NYSCAR first vice president Mercedes Brien (RAC) is the conference chair. Gather with your friends and colleagues to learn, network and do business. June 16 will feature several great education programs including

NYSCAR to host annual conference at Rivers Casino & Resort in Schenectady on June 16 & 17

Albany, NY The New York State Commercial Association of Realtors’ (NYSCAR) annual conference will be taking place at Rivers Casino & Resort in Schenectady, on June 16-17.This event brings together top commercial real estate professionals and industry leaders from across the state for two days of networking, education, and insight into the

Upcoming New York State Commercial Association of Realtors professional development events

We are pleased to offer the following courses, via Zoom for your continuing education. Be sure to take the appropriate courses to renew your NYS real estate license.  Don’t put your license in jeopardy

NYSCAR mourns loss of board member Furlani

Albany, NY On May 1st, our friend and long-time NYSCAR board member, Gordon Furlani (Greater Capital Chapter) passed away. Furlani served on the NYSCAR board for many years and was instrumental in the formation of NYSCAR. He was always willing to help out with any of the committees

CBRE Upstate NY leases 160,000 s/f
office space at Genesee Towers

Buffalo, NY CBRE Upstate NY, an affiliate of CBRE, and ORION Office REIT Inc. secured the lease of 160,000 s/f of office space to Ingram Micro as the first tenant to sign on at the rebranded Genesee Towers at 257 West Genesee St.

Kennedy Wilson provides $104 million
senior construction loan for Ithaca Gateway

Ithaca, NY Kennedy Wilson has closed a $104 million senior construction loan for Ithaca Gateway, a 371-unit, 518-bed student housing development. The loan was provided to a joint venture led by Blue Vista, PeakMade Real Estate, and W5 Group for the development of a