Upstate New York

What affects capitalization rate behavior? - by John Rynne

Overall capitalization rates are affected by many factors. Interest rates are one of the most notable but somewhat overrated. Overall cap rates are one the most discussed terms in the real estate market. That’s because one of the keys to estimating value for income

Overview of the 2019 Upstate apartment market - by Brian Heine

Robert Morgan and four other employees of the Morgan Companies in Rochester have been arrested for submitting false information to mortgage lenders to obtain inflated financing unsettling the upstate New York apartment market. Recently one former executive has…

Bruno joins Axiom Capital as senior vice president of business development

Clifton Park, NY Pier-Luca Bruno has joined Axiom Capital Corp. as senior vice president of business development. Bruno is responsible for developing and managing existing and new client relationships

Project of the Month: Broome County to move Office of Employment and Training to allow for growth

Johnson City, NY In the Spring of this year, Broome County unveiled  plans to move its Office of Employment and Training and a portion of the Department of Social Services (DSS) to the former

SWBR celebrates 50 years

Rochester, NY SWBR hosted a special 50th anniversary celebration for its employees, clients, local dignitaries, business leaders, friends an...

Bevilacqua Development nearing completion of Transit Meadows: 45,000 s/f office and retail throughout five buildings

East Amherst, NY Bevilacqua Development L.P. is now in the final stages of its new development, the Transit Meadows, located on Transit Rd. The project cost was not disclosed. The site totals 45,000 s/f of office and retail space spread over

CBRE|Syracuse broker three sales in Syracuse totaling $8.625 million; Includes $5.675 million sale

Syracuse, NY According to Michael Finn, managing partner of CBRE|Syracuse, the firm has completed three sales: Bill Anninos, of CBRE|Syracuse, and Fred Burstein, of CBRE|Long Island, represented the seller, Sam’s Real Estate Business Trust, in the $5.675 million sale of...

Rosenblum Cos. break ground for Vicina, new $18m mixed-use development with BBL; design by Balzer & Tuck Arch.

Troy, NY Leaders of The Rosenblum Cos. were joined by state and local officials, members of the business community and neighborhood residents to break ground on Rosenblum’s new $18 million mixed-use development at 100 Congress St.

SWBR names Rebholz and Weber to its board and promotes Wade to associate

Rochester, NY According to SWBR, Steven Rebholz, AIA, and Matthew Weber, PE, have been elected to its board of directors and Jessica Wade, AIA, has been promoted to associate. Principal and COO Rebholz was re-elected to the board

CannonDesign promotes Garra and Kondrat to co-directors to firm’s engineering practice across multiple offices

Buffalo, NY CannonDesign has promoted Robert Garra, PE, and Paul Kondrat, PE, to co-directors of the firm’s engineering practice. With engineers spread across multiple offices, Garra and Kondrat will address