Upstate New York

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

I am pleased to thank Mary Peyton and Russell Gullo, CCIM for teaching recently. Mary taught the topics of implicit bias and cultural competency on Monday, September 19, 2022 with the course: Is a Rhombus a Square? Envisioning Bias and Culture in Real Estate. Students earned four hours of continuing education credit and met the new course requirement for license renewal.

Phillips of Largo Real Estate Advisors arranges two refinances - $66.2 million

Amherst, NY Jack Phillips, MBA, principal at Largo Real Estate Advisors, arranged refinancing for two Upstate properties. Phillips secured $23 million to refinance a pair of medical office buildings. The buildings are 100% occupied

Axiom Capital funds loans for two retail centers - for total sale price of $24.82 million

East Greenbush, NY Axiom Capital Corp. has structured and arranged $24.82 million in permanent loans for two retail properties. Axiom Capital Corp. has structured and arranged a $11.62 million permanent loan (10-year loan, fixed rate

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

The 2023 budget was approved and reports were heard from the committee chairs. RPAC chair Mike Johnson reported that NYSCAR reached 176% of their RPAC goal this year! He thanked everyone for contributing. Strat Planning chairman Joseph Rowley, Jr., updated the board regarding

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