Upstate New York

KCLB, CPC and partners to sell two affordable homes using state rehab construction financing program

Kingston, NY The Kingston City Land Bank (KCLB), the Community Preservation Corp. (CPC), and partners are the first organizations in the state anticipated to close on affordable home sales under the New York State Legacy Cities ACCESS Program. This is also the KCLB’s first development partnership

CRE sector performance in August 2023

Washington, DC The unprecedented surge in delivered units has amplified the available space within the multifamily sector. Over the last 12 months leading up to August, there has been a notable 32% upswing in units delivered to the market compared to the previous year. Consequently,

NYSCAR meets in central New York - by Robert Strell

The board of governors of the New York State Commercial Assoc. of Realtors met at the Turning Stone Resort and Casino in Verona,  on October 2, 2023. Committee reports and chapter reports were given and officers and governors were elected as follows: President, Robert Strell, WNY; first vice president, Mercedes Brien,

Empire Merchants, General Insulation and SparkCharge
join McGuire’s portfolio of tenants

Buffalo, NY McGuire Development Co. welcomes three new additions to its tenant community. Empire Merchants (27,813 s/f) and General Insulation Co. (18,830 s/f) have leased space at the 490,853 s/f The Concourse Center at 4039 Genesee St. while SparkCharge (39,100 s/f) is relocating to the 117,100 s/f 425 Cayuga Rd.

Cushman & Wakefield/Pyramid Brokerage Company negotiates nine sales totaling $7.45 million

Syracuse, NY Cushman & Wakefield/Pyramid Brokerage Company has negotiated nine CRE sales. • Joyce Mawhinney MacKnight from Cushman & Wakefield/Pyramid Brokerage Co. sold a 14,222 s/f church building on 14.11 acres at 5833 E. Seneca

Licata of Rand Commercial sells 52 room
Table Rock for $11 million

Sloatsburg, NY Rand Commercial brokered the $11 million sale of 150 Sister Servants Ln., known as Table Rock. The 40,525 s/f estate was built in 1902 for the great-grandson of Alexander Hamilton.

September 2023 message from the president of NYSCAR - by Robert Strell

NYSCAR just concluded Ed Smith’s CIREC course which ran August 17 – September 1. The 22.5 hour program covers “Working with Office, Retail and Industrial Buildings, Leases and Green Concepts, Working with Investment Properties, Financial Analysis, Taxes and Exchanges; Discrimination

NYSCAR annual meeting to be held Oct. 2 at Turning Stone Resort and Casino

Verona, NY The NYSCAR Annual Meeting will be held October 2nd, 10:00 a.m. at the Turning Stone Resort and Casino. The nominating committee has recommended the following members to serve as officers and governors of the association:

Empire Commercial Construction builds 3,386 s/f Great American Diner

Greece, NY Empire Commercial Construction completed their construction contract for the Great American Diner. In partnership with KF Architects and Torchia Structural Engineering & Design, PC, Empire renovated the 3,386 s/f former Happy Days On The Go restaurant space located at 850

National Association of Realtors in Anaheim November 14-16 for NAR NXT, The Realtor Experience

Anaheim, CA NAR NXT combines the power of industry-leading speakers, expert education, and networking opportunities with 15,000+ attendees at the Anaheim Convention Center for the year’s premier real estate conference.