National Association of Realtors COVID-19 Relief Package Includes Help for Business and Property Owners December 21, 2020 Congressional leaders struck a deal on a nearly $900 billion coronavirus relief bill that will bring a new round of support to millions
Tonawanda, NY The Community Preservation Corp. (CPC) and David Pawlik, a principal member of Development Unlimited of WNY, LLC, closed on $1.675 million in construction financing to transform a former school building into a mixed-use property
Clifton Park, NY Stan Johnson Co. has completed the sale of a single-tenant healthcare property. The 4,969 s/f building is located at 3 Emma Ln. and is fully leased to Rezolut Imaging.
Rochester, NY Sutton Real Estate Co. completed the following: • The Rochester Downtown Holiday Inn, located at 70 State St., was sold for $3.6 million. The subject is a seven story, 250,712 s/f full service hotel with 217 rooms
Mexico, NY Andréa Bucci, associate real estate broker with Acropolis Realty Group, handled the following transactions: • 5-16 Kimberly Ln. sold for $2.71 million, above asking price. Kimberly Apts, LLC sold to an undisclosed buyer.
Troy, NY According to Berkshire Hathaway Blake Commercial Division, two buildings located downtown, sold for $2.1 million. The properties contain 30 apartments and nine commercial spaces. The buyer is an undisclosed investment group from downstate. The cash deal closed Oct. 30.
Albany, NY The New York State Energy Research and Development Authority (NYSERDA) and National Grid have launched the Home Energy Savings Program, a pioneering, pay-for-performance residential energy savings pilot program in Central New York. This initiative will help provide opportunities for contractors
Buffalo, NY Ned Perlman, vice president of originations at Largo Capital’s local office arranged construction to permanent financing for a multifamily development. The $6.2 million transaction consisted of a $5 million first mortgage and a $1.2 million line of credit
Scenario: You have owned investment real estate for many years and have been involved in the day-to-day (active) management of the assets. You are at the point in life where you are tired of being an “active” investor but you’re unsure if you can afford to sell because of the tax associated with your gain.
Call for Realtor of the Year Nominations – NYSCAR is taking nominations for the 2020 Realtor of the Year. If you would like to nominate an active NYSCAR member for this year’s award, please send a nomination letter to NYSCAR, 130 Washington Ave., Albany, NY 12210 by December 15
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