Upstate New York

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.

Sherin and Lodgen rep. PeoplesBank to finance three solar facilities

Tioga & Nichols, NY According to Boston-based law firm, Sherin and Lodgen LLP, its Renewable Energy Group represented PeoplesBank,

Tuccillo of Marcus & Millichap reps. seller in $9.75m Walgreens sale; Biancavila of Berkshire Hathaway acted for the buyer

Wappingers Falls, NY Marcus & Millichap completed the sale of 1575 U.S. 9, according to John Krueger, regional manager and vice president of the firm’s Manhattan and White Plains office. The NNN site, which is

Empire Commercial Construction nears completion of 10,324 s/f build-out in Fairport

Fairport, NY Empire Commercial Construction, a retail-specific company of regional general contractor Taylor-The Builders, is completing construction of the new Challenge Athletics location at the redeveloped century-old factory building

Cannata-LaRocca of Sutton Real Estate Co. is sole broker in sale of 23.23 acre property

Clay, NY According to Sutton Real Estate Company, LLC it has closed on the sale of 8701 Henry Clay Blvd. The sale price was $220,000.

Whalen of Keller Williams and Funiciello of JF Real Estate collaborate for $550,000 sale

Syracuse, NY ARPA LLC purchased the downtown building located downtown at 430 East Genesee St. for $550,000.