Upstate New York

Coughlin to lead 2020 Upstate Appraisal Inst.

Syracuse, NY According to the Upstate New York Chapter of the Appraisal Institute, Richard Coughlin, MAI has been elected as the 2020 president. Coughlin, a director at Integra Realty Resources,  has experience in the appraisal of a variety of

C&W/Pyramid Brokerage Co. leases 49,000 s/f for Retech Systems

Buffalo, NY Retech Systems LLC has signed a deal to lease 49,000 s/f at the Northland Workforce Training Center. The completion of this deal with the California-based firm means that the facility located at 683 Northland Ave. is now 93% occupied.

Viridi Parente raises $29 million; funding led by Grand Oaks Capital

Buffalo, NY Viridi Parente, Inc., which manufactures renewable power systems for heavy machinery and storage applications, has secured $29 million in a Series B funding round led Grand Oaks Capital, an investment firm founded by Paychex founder and

Sukhram of Buy-N-Sell Realty sells 20,000 s/f retail property; Landsworthy Holdings buys retail plaza at auction

Schenectady, NY According to Subhash Sukhram, owner/broker of Buy-N-Sell Realty Inc., they have sold a retail plaza at 1635-1643 Eastern Pkwy. at auction. Landsworthy Holdings LLC purchased the property at

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