Upstate New York

Will of Hemisphere Holdings sells 70-unit apt. complex for $2.1 million

Richard Will, president of Hemisphere Holdings Corp., brokered the $2.1 million sale of the Wedgewood I Apartments. The subject is located o...

CPC provides $4 million Freddie Mac loan to refinance a 146-unit garden-style rental apartment complex in Cortland

The Community Preservation Corp. (CPC) has closed on a $4 million Freddie Mac permanent loan to refinance a garden-style complex. Located at...

Omni Housing Development to complete revitalization of 52-unit $12 million South End project in Albany

A $12 million affordable housing project underway in the South End section of the city is spearheading a revitalization effort that will tra...

Recession or adjustment in upstate real estate values? The “mortgage crisis” is overblown

Real estate values have been negatively affected by the recent “mortgage crisis” in the upstate New York. However, much of this has bee...

Motivation + performance = price: Auctioneers agree the time is right in this market

Market fluctuations influence all of the relevant stakeholders in a real estate transaction to one degree or another. So why are real estate...

Real estate environmental risks: What level of due diligence is appropriate?

Environmental due diligence is an essential part of most real estate transactions. However, what level of due diligence is appropriate. Many...

Owners, developers, designers and builders need squeeze every last drop of value from IT revolution

Just about a year ago, I authored an article "Credit Doors Open Slowly and Slam Shut....The Commercial Mortgage Backed (CMBS) Meltdown of 20...

Owners, developers, designers and builders need to squeeze every last drop of value from IT revolution

A recent visit to a regional medical center was an eloquent reminder of how much information technologies have transformed many aspects of o...

Stewart, Morris and McMahon of David Cronheim Mtge. arrange $7m in financing

Andrew Stewart, Dev Morris and Lisa McMahon of David Cronheim Mortgage Corp. have secured financing of $7 million for Rusten Corporate Park,...

T Square Props. brokers six leases in Hudson Valley totaling 11,390 s/f

T Square Properties has completed six leases totaling 11,390 s/f. The deals include: * Industrial Medicine Associates, a provider of employe...