Upstate New York

How a “Financial Physical” can help determine when to dispose of multifamily investment property - by Russell Gullo

A “Financial Physical” shows owners of multifamily investment property how they can double, triple, and in some cases, even quadruple the size of a real estate investment portfolio by using their current equity.

Rochester’s Cornerstone Group breaks ground on Frances Apts. II with Lifetime Assistance, Passero, SWBR, LECESSE, People, Inc.

Brockport, NY Lifetime Assistance, Inc. and Rochester’s Cornerstone Group, Ltd., broke ground on Phase II of Frances Apartments affordable inclusive housing. Frances Apartments II will add 48 units of affordable

The Rosenblum Cos. opens third ValuSpace self-storage facility

Halfmoon, NY Public officials, business owners, and community leaders joined local real estate developer, The Rosenblum Cos., to celebrate the grand opening of ValuSpace Personal Storage facility, located at 1607 Rte. 9.

C&W|Pyramid Brokerage leases 262,347 s/f in seven deals, closes three sales totaling $4.17 million

Syracuse, NY Cushman & Wakefield|Pyramid Brokerage Co. (C&W|Pyramid) has completed the following sales and leases: MacKenzie-Childs leased 200,931 s/f at 123 Great Bear Rd., in Fluton. The subject is an industrial warehouse

Forte, Cruz and Peck of JLL arrange $8.3m industrial sale; Pagniucci leads JLL team to place $5.1m acquisition loan

Depew, NY JLL closed the $8.3 million sale of and arranged $5.1 million in acquisition financing for Bunzl Distribution Center, a fully leased, 152,000 s/f industrial warehouse and distribution center at

Bouck Bouck Real Estate facilitates sale of Auburn industrial property – 110,000 s/f

Auburn, NY According to John Bouck, broker/owner of Bouck Real Estate, an industrial building at 2 Willey St. has been sold for $250,000.  The building, owned by Two Willey Street, Inc. is a four-story

Henrietta Public Library honored with ACEC NY engineering award; Team includes: Passero Assocs., EC4B Eng., Vargas Assocs., Christa Const.

Henrietta, NY  The new Henrietta Public Library, the latest addition to the Town Campus on Calkins Rd., has been recognized with a Gold Award in the ACEC New York 2020 Engineering Excellence Awards.

Beacon Communities completes $22 million rehab of Colonial I Apts.

Rome, NY New York State Homes and Community Renewal (HCR) joined with local officials and community development partners to celebrate the completion of a $22 million upgrade and modernization of Colonial I Apartments,

Marc Coppola Real Estate and The Dagar Group lease 30,000 s/f to Newburgh Vintage Emporium

Newburgh, NY Marc Coppola Real Estate and The Dagar Group Ltd. have leased a second location to Newburgh Vintage Emporium on Rte. 17K. “Currently, Newburgh Vintage Emporium is located on Rte. 9W in

Northwell Health finances $202.3 million through DASNY

Albany, NY According to The Dormitory Authority of the State of New York, (DASNY) Northwell Health Obligated Group issued more than $202.3 million in tax-exempt bonds through DASNY. Bond proceeds from the