Upstate New York

Selling investment property, thinking you don’t have a gain - by Russell Gullo

There are many scenarios when selling income-producing real estate or investment-held property where you may experience a significant, and unexpected, gain (profit) and face a large tax liability that could have been avoided. If you encounter one of the examples below, make sure you

Empire Commercial and Davidson Arch. partner for two KFC restaurants

Horseheads, NY Empire Commercial Construction is nearing completion for construction on two Kentucky Fried Chicken locations. Empire is teaming with Kansas-based Davidson Architecture & Engineering

Tudor Collins Commercial Real Estate broker 10 leases: 106,400 s/f

Cheektowaga, NY Tudor Collins Commercial Real Estate have completed the following leases: According to Patricia Collins and Eric Tudor of Tudor Collins, The Airport International Centre on Sonwil Dr. is continuing a

HREC Investment Advisors arranges sale of Hampton Inn Rochester Irondequoit

Rochester, NY HREC Investment Advisors completed the sale of the 77-guestroom Hampton Inn Rochester Irondequoit. A regional owner/operator has acquired the property. The sale price was not disclosed.

Cushman & Wakefield|Pyramid completes seven sales totaling $3.44 million and secures 49,277 s/f in leasing transactions

Syracuse, NY Cushman & Wakefield|Pyramid Brokerage Co. (CW|Pyramid) has completed the following transactions: 8 Dwight Park Dr.: Bodycote Syracuse Heat Treating Corp purchased a 58,717 s/f industrial manufacturing facility from

Cronheim arranges $13.5 million for Poughkeepsie Plaza redevelopment

Poughkeepsie, NY Cronheim Mortgage secured financing totaling $13.5 million for the redevelopment of Poughkeepsie Plaza, 2600 South Rd. The borrower wishes to remain anonymous at this time.

CCIM and Rochester Area NYSCAR offer fall courses

Rochester, NY CCIM and the Rochester Area Chapter of NYSCAR will be providing two courses this fall. The classes are vital for anyone wishing to become a CCIM, or for people who are newer to the industry

Schiller, Kirnie and Farrington of Cushman & Wakefield | Pyramid Brokerage Co. sell 276,000 s/f

Shortsville, NY According to Cushman & Wakefield | Pyramid Brokerage Co., (C&W|Pyramid)  they have closed the sale of 1479 East Ave. The sale price was not disclosed.

Improvement project at Dunkirk Pier and harbor completed; Supported by Smart Growth Community Fund

Dunkirk, NY According to Governor Andrew Cuomo, improvements at Dunkirk Pier and harborfront have been completed. The project–supported by funding from the Smart Growth Community Fund–provides improved

Cruz, Rizzi, Appel and Rutman of JLL Capital Markets close $18 million sale; Brittonfield Assoc. sells 173,466 s/f to ICONIC Property Partners

Syracuse, NY According to JLL, it has closed the $18 million sale of Crouse Medical Center, which comprises two connected buildings totaling 173,466 s/f of medical office space.