Upstate New York

Coscia and Perlman of Largo secure $6 million bridge
loan for 272,900 s/f office - The Atrium

Buffalo, NY Kevin Coscia and Ned Perlman of Largo Real Estate Advisors, Inc. secured a $6 million bridge loan financing for a downtown building formerly known as The Atrium. The 7.65-acre property is improved with 272,900 s/f of office space and 597 surface parking spaces.

Stegner of CBRE Upstate brokers sale of former Medaille University Campus to Charter School Dev. Corp.

Buffalo, NY CBRE Upstate NY negotiated the sale of the nearly 14-acre campus that was previously home to Medaille University to Charter School Development Corp. (CSDC). “At CSDC, we are dedicated to eliminating barriers

TAYLOR breaks ground for Choice Hotels
114-room extended stay Everhome Suites

Greece, NY TAYLOR broke ground on Everhome Suites. TAYLOR teamed with a national hospitality developer and Choice Hotels for construction of the four-story, 57,000 s/f, 114-room hotel located at 500 Bellwood Dr. in the Canal Ponds Business Park.

Zaffram joins Hodgson Russ as partner in real estate & finance practice

Buffalo, NY Pietra Zaffram has joined Hodgson Russ LLP’s local office as a partner in its real estate & finance practice. Zaffram focuses her practice on federal and state

May 2024 NYS Commercial Assn. of Realtors president’s message - by Robert Strell

April 17-May 2, NYSCAR past president Edward Smith, Jr., instructed 22.5 hours of education with his CIREC course. The CIREC program is aimed at those practitioners entering the commercial real estate industry and as a refresher to those who have been in the business

Phillips of Largo Real Estate secures
$12.1 million refinance

Tonawanda, NY Jack Phillips, principal of Largo Real Estate Advisors Inc. secured a $12.1 million permanent first mortgage to refinance the existing debt on a 307,000 s/f, light industrial warehouse. The fully occupied building was constructed to modern standards featuring good column spacing,

The Agency receives $11.2 million in funding for 27-acre 600 Main St. site

Union, NY The Agency will receive $11.2 million in funding from New York state to build-out and prepare the site at 600 Main St. The 27-acre site, which was once home to BAE Systems, was completely flooded in 2011. While the site looks “shovel ready,” a significant amount of investment is required to return it to

United Group promotes DiGiacomo to chief operating officer

Troy, NY Michael DiGiacomo of The United Group Companies, Inc. has been promoted to chief operating officer of United Group’s management company, United Plus Property Management, AMO (UPPM). In this role, DiGiacomo will take on increased responsibility in all phases of operations as well as play the crucial role of leading

CBRE Upstate NY brokers three deals totaling $1.665 million

Syracuse, NY CBRE Upstate NY negotiated the closing of three sales that were listed by its brokerage team. In Broome County, CBRE Upstate NY’s Rick Searles represented the seller, Luciano Piccirilli, in the disposition of 86 Walnut St., a 9,800 s/f office building

SmallChange.co expands with addition of five partners

Buffalo, NY SmallChange.co has expanded with the addition of five partners. All have experience in regulation crowdfunding: The five include Julian Anjorin, an entrepreneur with a background in cybersecurity; Derek King, who specializes in historic preservation; Richard Rogers,