Upstate New York

Town of Hamburg IDA board approves land sale

Hamburg, NY The Hamburg Industrial Development Agency (IDA) Board of Directors, through their land development corporation, approved the sale of approximately 64.5 acres of land to Walden Development Group.

Community Preservation Corp. and Finning Properties close Freddie Mac financing totaling $13 million

Cohoes and Schodack, NY The Community Preservation Corp. (CPC), a leading nonprofit multifamily finance and community revitalization company, and Finning Properties have closed two Freddie Mac Conventional Capital Markets Execution

SWBR welcomes DiGiacomo, Ferris and O’Brien; Pietrantoni earns license

Rochester, NY According to SWBR, Gianfranco Pietrantoni received his New York State architectural license from the New York State Education Department. Pietrantoni is a project architect at the firm.

Phillips of Largo secures industrial warehouse funding totaling $4.6 million

Buffalo, NY Jack Phillips, principal of the Largo Group of Cos., arranged permanent financing for a 55,000 s/f, single tenant, industrial warehouse building. The $4.6 million loan featured

Prestige Hospitality Group and MAGDI celebrate hotel opening in Lake Placid

Lake Placid, NY According to Justin Smith, president of Prestige Hospitality Group, LLC, (PHG) the newly constructed Lake Placid Inn has opened. The Lake Placid Inn is an independent hotel featuring 40 rooms and suites offering lake and mountainside views. Located at

Thompson, Linder and LaDolce join SWBR

Rochester, NY SWBR has hired three new team members: Construction administrator Tom Thompson, senior project manager Rich Linder AIA and project designer Pete LaDolce.

Largo secures financing for three properties; includes $12.4 million construction loan by Perlman

Buffalo, NY According to the Largo Group of Companies, they have completed the following: Ned Perlman, VP at Largo Capital, secured a $12.4 million construction loan for

Cushman & Wakefield/Pyramid Brokerage unveil management transition for Binghamton office

Binghamton, NY Cushman & Wakefield/Pyramid Brokerage Company has unveiled its management transition for its local office which serves the Southern Tier, including Ithaca, Corning and Elmira.

Beechwood Org. begins pre-sales for Saratoga Springs development

Saratoga Springs, NY The Beechwood Organization has commenced sales for its new Oak Ridge community development. The Beechwood Org., led by Michael and Steven Dubb, plans

July 2020 message from the president of NYSCAR - by James Walker

I hope you are doing well and staying safe. I know everyone has been very busy getting back to work and I just want to remind you that it is of the utmost importance to follow safety guidelines issued by