Upstate New York

Vanguard-Fine brokers $12m sale for Bettiol Enterprises–175,000 s/f

Albany/Oneonta, NY Vanguard-Fine, LLC has completed the purchase of 175,000 s/f of retail space. The properties consist of Home Depot, Hannaford Supermarket and the adjacent plaza, Advance Auto Parts in Oneonta, and a free-standing Burger King at

Rochester Institute of Technology finances $346.2m through DASNY

Albany, NY According to Reuben McDaniel, III, acting president and CEO of the Dormitory Authority of the State of New York (DASNY), Rochester Institute of Technology (RIT) financed $346.2 million in bonds through DASNY. $150 million in tax-exempt bond

The Dagar Group brings Tesla Supercharger station to Fishkill; Livshin of Dagar is property’s managing agent

Fishkill, NY According to The Dagar Group, there is something new coming to the Hudson Valley Towne Center, at 18 Westage Dr. Located at the intersection of Rte. 9 and I-84, Tesla will be joining Regal Cinema, Chipotle, Five Guys, Famous Footwear, GH Bass,

Question of the Month: What does NY’s new climate change law mean for owners, how do they leverage incentives?

New York State enacted the Climate Leadership and Community Protection Act (CLCPA) on July 18, 2019. This law codifies that NYS must reduce its greenhouse gas emissions by 85% over 1990 levels by 2050. The law affects every sector of the

Finiki of Largo secures $10m financing for hotel acquisition; Carswell and Phillips of Largo Cap. arrange $9.5 million

Buffalo, NY Tim Finiki, vice president of originations at the Largo Group of Cos., secured $10 million in non-recourse financing for the acquisition of a Hampton Inn & Suites. The hotel was acquired while still in the

DASNY and SUNY complete $2 million Health & Counseling Services Center for University at Albany campus

Albany, NY The Dormitory Authority of the State of New York (DASNY) and The State University of New York (SUNY) have completed a $2 million Health & Counseling Services Center on the University at Albany campus. The relocation

Heine brokers three apartment complexes in 1031 exchange on behalf of CCS MGT LLC

Amherst, NY On behalf of CCS MGT LLC, Brian Heine has completed a 1031 tax-deffered exchange involving three apartment complexes. Heine brokered the sale of

Will of Hemisphere Holdings brokers $2.05 million sale of The Pines Apartments

Canandaigua, NY According to Hemisphere Holdings Corp., the firm has closed the sale of The Pines Apartments, located at 145 Buffalo St. The 32-unit property sold for  $2.05 million.

Buckingham Properties and Butler/Till partner in Rochester mixed-use development – 106,000 s/f

Rochester, NY Buckingham Properties and Butler/Till are partnering for a new mixed-use development downtown. Located at 260 East Broad St., Buckingham will develop a new five-story, 106,000 s/f mixed-use building

KeyBank CDLI places $17.5 million for Beacon Communities Development

strong>New Hartford, NY KeyBank Community Development Lending and Investment (CDLI) arranged $17.5 million for Boston-based Beacon Communities Development, LLC to redevelop a senior housing property. Beacon is a private real