Upstate New York

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

Verderber and Frankel of Silber Investment Properties handle Walgreens sale – $9 million

Binghamton, NY Silber Investment Properties completed the sale of a 13,804 s/f  Walgreens for $9 million at a 6.5% cap rate. The subject property, located at

Cronheim Mortgage arranges $11.9 million financing for Mountain View Terrace Apartments

Latham, NY Cronheim Mortgage arranged $11.9 million in non-recourse financing for Mountain View Terrace Apartments, a 128-unit garden apartment complex. The loan was structured on

Empire Commercial Construction nears completion
of new 3,375 s/f Sweet Life location in Henrietta

Henrietta, NY Empire Commercial Construction, a retail-specific company of regional general contractor Taylor–The Builders, is completing construction of the new Sweet Life location

Montante named CEO of Uniland Development Co.

Amherst, NY According to Uniland Development Co., Michael Montante will succeed his father, Carl Montante, as the company’s CEO. Carl, who founded the company in 1974, remains executive chairman of the family-run privately held firm.