Upstate New York

Gantry arranges $91.3 million of northeast commercial mortgage financing - for multifamily, self storage, and office assets

Buffalo, NY Gantry has arranged $91.3 million of commercial mortgage financing secured for multifamily, self storage, and office assets located in various Northeast submarkets and Texas. The loans include financing for a new construction project and several permanent,

GreyHill Group acquires 64,536 s/f industrial property for $2.295 million

Rochester, NY GreyHill Group, a commercial real estate investment company based in New York, has acquired a 64,536 s/f industrial property at 69 Seneca Ave.&nbs The one-story property consists of three warehouse spaces and one office space

Empire Commercial Construction to build new 4,000 s/f Jiffy Lube

Webster, N.Y. Empire Commercial Construction was awarded the contract for the new construction of a Jiffy Lube service center. Empire is teaming up with national franchisee, Guggenheim Retail Real Estate Partners, and ARK 3CS Design Group, LLC for

Axiom Capital arranges $6m permanent loan for 78 room hotel

East Greenbush, NY Axiom Capital Corp. has structured and arranged a $6 million permanent loan (10-year, fixed-rate) for the refinance of an extended-stay hotel. The property consists of 78 hotel rooms constructed in 2005 and

Ranieri of Northmarq arranges $5m refi of two multifamily properties

Vestal, NY Robert Ranieri, senior vice president/managing director of Northmarq’s White Plains debt/equity office, negotiated the $5 million refinance for two three-story properties (built in 1980-1985) that contain a

September 2022 message from the president of NYSCAR - by Dana Crocker

NYSCAR’s Annual Meeting will be held Saturday, October 1, at the Hilton Hotel in Saratoga Springs, NY. I’m looking forward to a productive meeting.

BFNHS’ $2.4 million Cigar Factory Apartments completed - 11 units

Buffalo, NY Governor Kathy Hochul said that a $2.4 million mixed-use development that brings 11 affordable homes and new commercial space to the city’s East Side has been completed. Cigar Factory Apartments consists of the

Funiciello of JF Real Estate and Johnson of Hunt co-broker $455,000 sale

Syracuse, NY Erin Development Manager LLC sold 477 James St. to Profit Properties LLC for $455,000. The new owners plan to rehab the building and do a full apartment conversion.<

Rosina Food Products, Inc. completes $73.2 million plant expansion

West Seneca, NY According to governor Kathy Hochul, Rosina Food Products, Inc. has completed a $73.2 million expansion, adding a facility in Erie County. The new multi-million-dollar plant will produce a variety of meat products for

Uniland Development plans 124 multifamily apartment complex

Perinton, NY Uniland Development Company plans to construct a three building, 124-unit multifamily apartment complex off Pittsford Palmyra Rd. The location was selected based on its location central to local restaurants, businesses,