Upstate New York

Vacation homes and 1031 real estate exchanges

Recent guidance released by the Internal Revenue Service (IRS) certainly clears a lot of the mystery that has surrounded the viability of co...

Fournier and Socia of Sutton handles sale of Midtown Plaza-68,000 s/f

The Sutton Cos. has completed the sale of Midtown Plaza, a 68,000 s/f retail center. The sales price was not disclosed. Louis Fournier, pre...

Ann and John MacAffer of CBRE-Albany negotiate 3,751 s/f; CRESA reps, medical tenant; Ellsworth Partners is landlord

According to Ann MacAffer, CCIM and John MacAffer of CBRE-Albany, Myrtle Street Obstetrics and Gynecology, P.C. has leased 3,751 s/f at Ells...

Texas De Brazil to open 8,000 s/f steakhouse at Destiny USA

Central New Yorkers can now get a taste of authentic Brazilian-American cuisine at the new Churrascaria (steakhouse) Texas De Brazil coming ...

McGuire Development purchases 1.5 acres in Clarence for $700,000; brokered by Picone of McGuire's Real Estate Services Group

McGuire Development Co., a local commercial development, brokerage and property management firm purchased 1.5 acres of land at 5989 Transit ...

Berns of NorthMarq arranges $12.3 million for Hilton DoubleTree

Sam Berns, senior vice president/managing director of NorthMarq's local Regional office, arranged acquisition and rehab financing of $12.3 m...

Sutton Cos. completes two sales and a lease

According to the Sutton Cos., the firm has completed the following transactions: Bart Feinberg, of The Sutton Cos., represented Gascon Enter...

Construction begins on Olean East State St. reconstruction

According to the city and the Western New York Regional Economic Development Council, the first stage of construction of the East State Stre...

Pisanelli of US Realty Capital structures $11.325 million retail loan

US Realty Capital has brokered an $11.325 million permanent loan for a 78,000 s/f neighborhood shopping center. The retail center is located...

Robert Grimm Jr. 2012

Name: Robert Grimm Jr. Title: Partner, Head of the firm's Commercial and Residential Real Estate Development Company: Magavern Magavern Grim...