Upstate New York

Riley of Cushman & Wakefield to head Upstate New York Chapter of the Appraisal Institute

Syracuse, NY The Upstate New York Chapter of the Appraisal Institute (AI) will be led by Shawn Riley, MAI of Cushman & Wakefield as president for 2025. Other officers include Thomas LaBelle, MAI, AI-GRS as vice president, Robert Chelus, AI-GRS as

Perlman of Largo Real Estate Advisors
closes two loans for $6.5 million

Williamsville, NY Ned Perlman, vice president of Upstate Originations at Largo Real Estate Advisors, Inc., closed two upstate properties totaling $6.5 million. The first property is a 18,610 s/f retail property. Most of the space is occupied by a local restaurant tenant.

Empire Commercial Construction builds-out 25,000 s/f at Lowe’s Plaza for Get Air Trampoline Park

Greece, NY Empire Commercial Construction completed the contract for Get Air Trampoline Park. Empire partnered with Greater Living Architecture for design of the over 25,000 s/f tenant fit-out located at 3160 West Ridge Rd. in the existing Lowe’s Plaza.

Endeavor Real Estate Group brokers $7.19 million sale of 39 unit multifamily property

Pittsford, NY Endeavor Real Estate Group negotiated the sale of Pittsford Manor Apartments, a 39-unit garden style apartment complex. The purchaser, a west-coast based family office, and the seller, an investment group headquartered in New York City, traded the property for $7.19 million in a

WinnCompanies completes transformation of
10 historic, low income apartment buildings

Buffalo, NY WinnCompanies has completed a $20.5 million renovation of 10 historic, low-income apartment buildings in the city’s downtown modernizing the properties and preserving all 135 units as affordable housing for 40 years.

Powers joins Hodgson Russ’ bankruptcy, restructuring and commercial litigation practice as partner

Buffalo, NY Hodgson Russ LLP is growing its bankruptcy, restructuring & commercial litigation practice with the addition of Travis Powers. Powers advises clients in all aspects of complex commercial insolvency law, both in and out

January 2025 NYSCAR president’s message - by Robert Strell

The NYSCAR Annual Conference will be held June 16-17 at the Rivers Casino in Schenectady, NY. Conference chair Mercedes Brien and the planning committee are working on an education program and marketing session for all attendees.  If you or your company would like to be a sponsor,

Horvath & Tremblay sells Napa Auto
Parts and OTB for $1.1 million

Troy, NY Brian Ahrens, Bob Horvath and Todd Tremblay of Horvath & Tremblay have completed the sale of a Napa Auto Parts and OTB (Off-Track Betting). Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $1.1 million.

Grzebinski and Wagner of Gantry secure
$70 million in real estate financing

Buffalo, NY Gantry, one of the largest independent commercial mortgage banking firms in the U.S., has secured more than $70 million in recent commercial real estate financings through the firm’s Upstate New York production team. Transactions range across acquisition, construction, and refinancing loans for multifamily,

Phillips of Largo Real Estate Advisors secures $7 million permanent first mortgage

Horseheads, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a $7 million permanent first mortgage to refinance the existing debt on a portfolio of flex buildings. The buildings are located off I-86, near Elmira Corning Regional Airport.