Upstate New York

CBRE|Syracuse leases 107,603 s/f and brokers two sales totaling $1.5 million

Syracuse, NY According to Michael Finn, managing partner of CBRE|Syracuse, the firm has completed the following transactions:

Company of the Month: New York State Industrial Coatings, Inc. are the problem solvers for the Upstate region

Rochester, NY Mitigating risk is at an all-time high in all genres of business. NY State Industrial Coatings (NICI) understands this and has the ability to ease client’s concerns by mitigating these risks by providing innovative solutions other companies in the industry cannot. The team at NICI takes great pride in embracing the projects that no one else can accomplish. Tight deadlines, complex coating systems, installation under adverse conditions with high degree of risk, are just a few of the challenges that NICI overcomes on a daily basis. This is where NICI has found it’s niche. 

Creative Structures Services, People, Inc. and Sinatra & Co. begin $31 million development – Jefferson Ave. Apts.

Buffalo, NY Construction on a $31 million affordable and supportive housing development on the city’s East Side has begun. Jefferson Ave. Apartments will include 89 affordable apartments in two buildings with 16 units set aside for individuals with intellectual or developmental disabilities.

Redburn Development to invest $78 million for renovation and rehab of seven Albany buildings

Albany, NY Redburn Development Partners will invest $78 million to transform seven properties in the downtown area. The transformative project involves the renovation and rehabilitation of seven outdated and neglected properties, representing more than 450,000 s/f.

Byrne Dairy breaks ground on Ultra Dairy plant expansion

Dewitt, NY Governor Andrew Cuomo celebrated the groundbreaking of Byrne Dairy’s Ultra Dairy plant $24 million expansion—the first phase of the company’s $125 million plan to expand and create nearly 250 jobs in Onondaga County. The initial phase will create 30 new jobs and includes a 42,000 s/f expansion that will allow the plant to increase its packaging capability as well as add additional processing capacity and storage space.

Construction commences for $20.5 million Canal Plaza

Binghamton, NY Construction on the $20.5 million Canal Plaza, an affordable housing development that will deliver 48 apartments and new commercial space to North Side has commenced. The new construction project will transform and revitalize land that is currently a Brownfield…

Massachusetts Ave. Project unveils new Farmhouse & Community Food Training Center in Buffalo

Buffalo, NY According to governor Andrew  Cuomo, the Massachusetts Avenue Project (MAP) has unveiled its new Farmhouse & Community Food Training Center. Located at 387 Massachusetts Ave., this new $2.4 million facility will be a hub for community residents to access food and agriculture-based education and resources, create new markets for local growers, increase healthy food access for thousands of residents and provide jobs and leadership training for future community youth leaders.

Rochester’s Cornerstone Group begins construction on Milton Meadows

Lansing, NY Construction has started on a new $17.3 million housing development that includes 71 affordable apartments in Tompkins County. M...

Rochester Precision Optics to expand headquarters, add over 200 jobs

Henrietta, NY According to governor Andrew Cuomo, Rochester Precision Optics will expand its headquarters, adding over 200 new jobs to the r...

DiMarco Group appoints Fasoldt as firm’s new chief financial officer

Rochester, NY According to the DiMarco Group, a leading full-service development company, they have appointed Jeff Fasoldt as chief financial officer. He brings to the position nearly 30 years of professional experience.  Fasoldt joins DiMarco from Annese, a technology solutions integrator with operations throughout New York State, where he served as CFO since 2015.