Upstate New York

Greater 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 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.

Bonacio renovating Word of Life Inn & Family Lodge

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,

TAYLOR awarded contract for Tesla facility

Henrietta, NY TAYLOR has been awarded the construction contract for the new Tesla service, education, and vehicle display center. TAYLOR is teaming with Rochester Motors NY LLC, a joint venture of Truett Realty Group (TRG) and JBL Development, for a conversion

Rhinebeck receives $6m grant for workforce housing community

Rhinebeck, NY The first workforce housing community being developed in the town has received a $6 million grant from Wells Manor Housing Development Fund Corp. Located in Dutchess County, about 100 miles north of New York City, The Hamlet at Rhinebeck, an 80-unit workforce

Scheer and Seelenfreund of Cleeman Realty Group arrange $3.2m off-market sale of South Plaza

Norwich, NY Cleeman Realty Group brokered the off-market sale of South Plaza. The 141,402 s/f shopping center was 56% occupied at the time of closing and features a lineup of national tenants including Tractor Supply Company, Dollar General, and Aaron’s. The

Gantry arranges $91.3 million of northeast commercial mortgage financing - for multifamily, self storage, and office assets

Buffalo, NY Gantry has arranged $91.3 million of commercial mortgage financing secured for multifamily, self storage, and office assets located in various Northeast submarkets and Texas. The loans include financing for a new construction project and several permanent,

GreyHill Group acquires 64,536 s/f industrial property for $2.295 million

Rochester, NY GreyHill Group, a commercial real estate investment company based in New York, has acquired a 64,536 s/f industrial property at 69 Seneca Ave.&nbs The one-story property consists of three warehouse spaces and one office space

Empire Commercial Construction to build new 4,000 s/f Jiffy Lube

Webster, N.Y. Empire Commercial Construction was awarded the contract for the new construction of a Jiffy Lube service center. Empire is teaming up with national franchisee, Guggenheim Retail Real Estate Partners, and ARK 3CS Design Group, LLC for

Axiom Capital arranges $6m permanent loan for 78 room hotel

East Greenbush, NY Axiom Capital Corp. has structured and arranged a $6 million permanent loan (10-year, fixed-rate) for the refinance of an extended-stay hotel. The property consists of 78 hotel rooms constructed in 2005 and