Upstate New York

Muroff Hospitality completes $1.5 million
sale of The Econolodge to Zamp Utica

Utica, NY Muroff Hospitality Group has sold The Econolodge; 309 N Genesee St. This updated economy franchised hotel boasts 40 guest
rooms on two floors with a mix of interior and exterior access. It’s located immediately off I-90 Exit 31 insures

Pyramid Management Group reports 20% surge in January 2023 sales

Syracuse, NY Pyramid Management Group reports a significant sales surge across its portfolio of shopping, dining, and entertainment destinations, with sales up by nearly 20% year over year in January 2023.

JLL Capital Markets closes sale on 460-unit multi-housing development

Grand Island, NY JLL Capital Markets has closed the sale of Town Hall Terrace, a 460-unit multi-housing community. JLL marketed the property on behalf of a private owner who was the original owner and developer of the property and procured the buyer.

May 2023 NYSCAR president's message - by Robert Strell

As I write my first update letter as the newly elected president of the NYS Commercial Association of REALTORS, it is bittersweet because of the untimely passing of our late president, friend and colleague, Dana Crocker of Syracuse.

IPA sells The Shoppes at Jefferson Valley Mall - 153,151 s/f

Yorktown Heights, NY Institutional Property Advisors (IPA), a division of Marcus & Millichap, has sold The Shoppes at Jefferson Valley Mall, a 153,151s/f building. “Located in a Northern Westchester County trade area with a population of 85,000 and $123,000 median annual

Vanguard-Fine negotiates seven transactions

strong>Kingston, NY Vanguard-Fine has negotiated the following transactions: • Kenneth Brownell of Vanguard-Fine, LLC and Andrew Peckage of TRG brokered the 10-year lease between Harbor Freight Tools USA,

Phillips of The Largo Group secures $28 million refinance for 350,000 s/f office complex

Amherst, NY Jack Phillips, principal at The Largo Group of Companies, secured $28 million to refinance the existing debt and closing costs on a 350,000 s/f office property across eight buildings. The property has maintained consistent historical performance

Lanni and Holland of Kislak sell Woodland Apartments, a 58-unit complex at 1833 West Water St. for $2.83 million

Elmira, NY The Kislak Company, Inc. negotiated the sale of Woodland Apartments, a 58-unit complex at 1833 West Water St. for $2.83 million. Kislak marketed the property on behalf of the seller, Resko-Phil Partnership Elmira, with senior vice president Daniel Lanni handling the assignment.

Rosenblum Dev.’s 1818 Fifth Ave. wins $1m NYSERDA Round Three of the Buildings of Excellence Competition

Troy, NY Rosenblum Development Corp. has been selected as a winner of a $1 million award in Round Three of the Buildings of Excellence Competition, administered by the New York State Energy Research and Development Authority (NYSERDA), for the development of a net-zero emitting

Axiom Capital structures and arranges $25.35 million loan for 76,393 s/f medical office in Utica

Utica, NY Axiom Capital Corp. has structured and arranged a $25,356,396 (10-year, 2 years I/0) construction to permanent loan for a class A, multi-tenant medical office building. The project entails the construction of a 3-story, 76,393 rentable s/f building situated on 1.46 acres