Upstate New York

National Association of Realtors attends White House Opportunity Zone event April 19th - by Erin Stackley

National Association of Realtors’s 2019 commercial liaison, Bob Turner from Memphis, TN, represented NAR at a White House event on the Qualified Opportunity Zones (QOZ) program on Wednesday, April 17th. The QOZ program was created in the 2017

Monthly message from the president of NYSCAR’s Upstate chapter - by Guy Blake

Save money! Register by May 15th for the Annual Conference. The countdown is on for the 18th Annual NYS Commercial Real Estate Conference, June 3-5th, 2019 at the Turning Stone Resort Casino in Verona.

Mukura Inc. to build Four Points by Sheraton hotel at 351 Southern Blvd.

Albany, NY According to Capitalize Albany Corp., Mukura Inc. plans to build a new $13.3 million hotel at 351 Southern Blvd., complementing 351 Diamond Development

Swon, McCaffrey and Zagoria of Marcus & Millichap broker $3 million sale of Holiday Inn Elmira/Horseheads

Horseheads, NY Marcus & Millichap brokered the sale of a 99-room hotel, the Holiday Inn Elmira/Horseheads, located at 2666 Corning Rd.

Royal Properties and American Investment Properties collaborate in $3.975 million sale

Seneca Falls, NY According to Royal Properties, Inc. and American Investment Properties, they have completed the $3.975 million sale of Liberty Center Plaza. The property sale price equates to $48.74 per s/f at a cap rate of 10.26%.

Project of the Month: Gateway to Monroe County:
Greater Rochester International Airport Project

Rochester, NY In October 2018, the Greater Rochester International Airport (ROC) completed a comprehensive $79 million terminal transformation bringing 21st Century technology to today’s air travelers. ROC participated in the New York State Upstate Airport Economic Development and Revitalization initiative introduced by governor Andrew Cuomo.

Vanguard-Fine, LLC handles four sales totaling $4.975 million, closes leases totaling over 69,913 s/f

Syracuse, NY Vanguard-Fine, LLC has completed the following sales and leases: Paul Bulmer, Barry Feinman and Kenneth Brownell of Vanguard-Fine, and Brian Means of JLL brokered the lease between, Walgreen Co., and Salina Park, LLC for 3,750 s/f in Salina Meadows Office Park. 

Barr, Rathbun, and Steed promoted at HUNT

Horseheads, NY Hunt Engineers, Architects, and Land Surveyors (HUNT) has elected Greg Barr and Darin Rathbun as vice presidents and Tim Steed as corporate secretary. On February 1, the firm revealed that Chris Bond had become president and Dan Bower was named CEO.

NYSAR honors Fry of RE/MAX North Country

Plattsburgh, NY Mary Fry, a RE/MAX North Country associate real estate broker and a member of the Clinton County Board of Realtors, has been honored with two awards

Sutton Real Estate facilitates three sales totaling $4.735 million

Syracuse, NY According to Sutton Real Estate, the firm has completed three sales totaling $4.735 million