Upstate New York

Toyota Material Handling North America and The Raymond Corp. expand energy solutions operations in Broome County

Kirkwood, NY The Agency said that The Raymond Corp., a leader in material handling equipment and intralogistics solutions, continues to deepen its roots in the Southern Tier of New York. Through Toyota Material Handling North America (TMHNA), comprised of two main companies Toyota Material Handling, Inc. and The Raymond Corp.

Empire Commercial Construction nears completion of new 1,600 s/f Tim Hortons restaurant site

Hornell, NY Empire Commercial Construction is well underway with the construction contract for Tim Hortons. Empire partnered with RBI franchisee and regional developer, TAR Holdings out of Jamestown, as well as Mosure LLC and MS Consultants for all architecture and engineering of the 1,600 s/f restaurant

September 2024 NYSCAR president’s message - by Robert Strell

The New York State Commercial Association of Realtors will hold their annual meeting on September 30, 2024, 10:00 am at the Turning Stone Resort and Casino in Verona. All NYSCAR members are invited to attend to hear updates from the NYSCAR officers and chairs of the various committees and to elect board members.

United Group breaks ground on new mixed-use development

Troy, NY United Group developers were joined by city and state officials, development partners, business leaders and more to celebrate the start of the construction for City Station North II, LLC, downtown’s mixed-use, class A development consisting of multi-family apartments

JLL completes 151,169 s/f industrial
lease for Ranger Design

Webster, NY JLL has completed a 151,169 s/f industrial lease for Ranger Design at 700 Resende Rd., a two-building property that was part of the former Xerox campus. JLL represented the landlord, locally based Tessy Plastics Corp., which acquired

August 2024 New York State Commercial Assn. of Realtors president’s message - by Robert Strell

Many thanks to Katheryn DeClerck who taught “Realtor Hunger Games” in July. Katheryn kept the participants very engaged and the course fulfilled the two hour requirement for implicit bias training to renew your New York real estate license. We have two upcoming courses, via Zoom

Time Equities acquires 44,635 s/f Big Flats
Commons from NNN REIT for $6.5 million

Elmira, NY Time Equities, Inc. (TEI) acquired Big Flats Commons, a 44,635 s/f shopping center located at 950 Rte. 64, from NNN REIT, a real estate investment trust, for $6.5 million. “In a strategic move aimed at expanding our presence in underserved

Watkins and Algarin of The Oak & Avery Group sell 48-unit multifamily for $8 million

Pleasant Valley, NY The Oak & Avery Group negotiated the sale of Pleasant Valley Estates, a 48-unit multifamily complex. Anthony Watkins, president, and David Algarin, vice president, represented the seller and the buyer in the $8 million all-cash transaction.

CBRE Upstate NY’s LaDuke earns SIOR designation

Syracuse, NY According to CBRE Upstate NY, an affiliate of CBRE, Cory LaDuke, SIOR has earned the SIOR office designation awarded by the Society of Industrial and Office Realtors (SIOR).

Cowing of C&W/Pyramid Brokerage Co. Buffalo brokers sale of 129,344 s/f industrial facility

Cheektowaga, NY 1370 William Street Property LLC has purchased 3500 Genesee St., from Niagara Chocolates Inc. for $6.5 million. The 129,344 s/f industrial warehouse building is on 8.6 acres.