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

Ranieri of Northmarq arranges $5m refi of two multifamily properties

Vestal, NY Robert Ranieri, senior vice president/managing director of Northmarq’s White Plains debt/equity office, negotiated the $5 million refinance for two three-story properties (built in 1980-1985) that contain a

September 2022 message from the president of NYSCAR - by Dana Crocker

NYSCAR’s Annual Meeting will be held Saturday, October 1, at the Hilton Hotel in Saratoga Springs, NY. I’m looking forward to a productive meeting.

BFNHS’ $2.4 million Cigar Factory Apartments completed - 11 units

Buffalo, NY Governor Kathy Hochul said that a $2.4 million mixed-use development that brings 11 affordable homes and new commercial space to the city’s East Side has been completed. Cigar Factory Apartments consists of the

Funiciello of JF Real Estate and Johnson of Hunt co-broker $455,000 sale

Syracuse, NY Erin Development Manager LLC sold 477 James St. to Profit Properties LLC for $455,000. The new owners plan to rehab the building and do a full apartment conversion.<

Rosina Food Products, Inc. completes $73.2 million plant expansion

West Seneca, NY According to governor Kathy Hochul, Rosina Food Products, Inc. has completed a $73.2 million expansion, adding a facility in Erie County. The new multi-million-dollar plant will produce a variety of meat products for

Uniland Development plans 124 multifamily apartment complex

Perinton, NY Uniland Development Company plans to construct a three building, 124-unit multifamily apartment complex off Pittsford Palmyra Rd. The location was selected based on its location central to local restaurants, businesses,

$11.5 million expansion begins on Buffalo's West Side Bazaar

Buffalo, NY Governor Kathy Hochul said construction has begun on an $11.5 million project to create a new and expanded West Side Bazaar. Founded by the Westminster Economic Development Initiative in 2011, the West Side Bazaar

Syracuse Realty Group brokers five sales totalling $3.845 million and a 1,850 s/f office space lease

North Syracuse, NY According to Syracuse Realty Group (SRG), the firm completed the following five sales transactions and one lease: 524/535 Court St. was sold for $1.33 million. The mixed-use property was

3d Development Group and Cayuga Housing Development Corp. begin 118-unit housing project in Ithaca

Ithaca, NY Governor Kathy Hochul celebrated a $75 million project to upgrade and preserve two outdated Ithaca Housing Authority properties with a total of 36 apartments and to replace another obsolete Authority property with