Upstate New York

Silber Investment Properties completes 7-Eleven portfolio acquisition – $6 million

Allegany, NY Silber Investment Properties has completed the last segment of a portfolio acquisition of Upstate New York 7-Elevens for Peter Petrakis. The sum total of all property values within this acquisition was

Largo Capital arranges financing totaling $18.7 million

Buffalo, NY Largo Capital has completed financing totaling $18.7 million. Jack Phillips, principal with Largo Capital, arranged permanent financing for an independent senior community. The $12.1 million, non-recourse,

Portfolio optimization through 1031 exchanges - by Russell Gullo

A common issue faced by real estate investors is owning properties that are geographically scattered. A possible strategy allows for them to efficiently consolidate and optimize their holdings, pay no tax through a 1031 exchange, and

Vanguard-Fine facilitates eight sales totaling $6.823 million and completes 14 leases totaling over 83,948 s/f

Albany, NY Vanguard-Fine, LLC has completed the following: Barry Feinman, Kenneth Brownell and Paul Bulmer of Vanguard-Fine represented Albany Medical Center on the sale of 220 Washington Ave. Ext. between

Tuccillo of Marcus & Millichap reps seller in $9.75 million Walgreens sale

Wappingers Falls, NY Marcus & Millichap, a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, completed the sale of 1575 U.S. Rte. 9, according to

WinnCompanies celebrates ribbon cutting at Liberty Lofts at Sibley Sq. in Rochester

Rochester, NY WinnCompanies, a multifamily developer and property manager, celebrated the opening of 104 workforce apartments inside Liberty Lofts at Sibley Sq. The $23.6 million project marks the completion of a four-year effort to

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