Upstate New York

Royal Properties and American Investment Properties collaborate in $3.975 million sale

Seneca Falls, NY According to Royal Properties, Inc. and American Investment Properties, they have completed the $3.975 million sale of Liberty Center Plaza. The property sale price equates to $48.74 per s/f at a cap rate of 10.26%.

Project of the Month: Gateway to Monroe County:
Greater Rochester International Airport Project

Rochester, NY In October 2018, the Greater Rochester International Airport (ROC) completed a comprehensive $79 million terminal transformation bringing 21st Century technology to today’s air travelers. ROC participated in the New York State Upstate Airport Economic Development and Revitalization initiative introduced by governor Andrew Cuomo.

Vanguard-Fine, LLC handles four sales totaling $4.975 million, closes leases totaling over 69,913 s/f

Syracuse, NY Vanguard-Fine, LLC has completed the following sales and leases: Paul Bulmer, Barry Feinman and Kenneth Brownell of Vanguard-Fine, and Brian Means of JLL brokered the lease between, Walgreen Co., and Salina Park, LLC for 3,750 s/f in Salina Meadows Office Park. 

Barr, Rathbun, and Steed promoted at HUNT

Horseheads, NY Hunt Engineers, Architects, and Land Surveyors (HUNT) has elected Greg Barr and Darin Rathbun as vice presidents and Tim Steed as corporate secretary. On February 1, the firm revealed that Chris Bond had become president and Dan Bower was named CEO.

NYSAR honors Fry of RE/MAX North Country

Plattsburgh, NY Mary Fry, a RE/MAX North Country associate real estate broker and a member of the Clinton County Board of Realtors, has been honored with two awards

Sutton Real Estate facilitates three sales totaling $4.735 million

Syracuse, NY According to Sutton Real Estate, the firm has completed three sales totaling $4.735 million

Buffalo BOMA installs its new Board of Directors for 2019; Harvey of Parkland Professionals named 2019 president

Buffalo, NY The Buffalo Building Owners & Managers Association (BOMA) introduced the 2019 board of directors on January 23rd at Salvatore’s Italian Gardens. Over 75 BOMA members and colleagues attended. 

Construction begins on mixed-use property at 417 Massachusetts Ave.

Buffalo, NY According to governor Andrew Cuomo, construction has commenced at 417 Massachusetts Ave., a vacant, fire-damaged building that will be transformed into nine affordable apartments with ground floor commercial space

Swon, Zagoria and Pierce of Marcus & Millichap broker $7.3 million sale of 102-room Comfort Inn University

Amherst, NY According to John Krueger, vice president and regional manager of Marcus & Millichap’s Manhattan office, the firm has completed the sale of a 102-room hotel, the Comfort Inn University, located at 1 Flint Rd. The property sold for $7.3 million. 

Kitware celebrates grand opening of new headquarters in Clifton Park

Clifton Park, NY According to governor Andrew Cuomo, Kitware celebrated the grand opening of its new corporate headquarters in Saratoga County, coinciding with the 21st anniversary of the company’s incorporation…