Category: Brokerage
Berkshire Hathaway Blake Commercial Division facilitates $2.1 million sale
December 1, 2020
Troy, NY According to Berkshire Hathaway Blake Commercial Division, two buildings located downtown, sold for $2.1 million. The properties contain 30 apartments and nine commercial spaces. The buyer is an undisclosed investment group from downstate. The cash deal closed Oct. 30.
NYSERDA and National Grid launch energy savings program
December 1, 2020
Albany, NY The New York State Energy Research and Development Authority (NYSERDA) and National Grid have launched the Home Energy Savings Program, a pioneering, pay-for-performance residential energy savings pilot program in Central New York. This initiative will help provide opportunities for contractors
Largo originates $6.2 million for Buffalo multifamily development
December 1, 2020
Buffalo, NY Ned Perlman, vice president of originations at Largo Capital’s local office arranged construction to permanent financing for a multifamily development. The $6.2 million transaction consisted of a $5 million first mortgage and a $1.2 million line of credit
1031 exchange is a solution to transition into passive real estate ownership - by Russell Gullo
December 1, 2020
Scenario: You have owned investment real estate for many years and have been involved in the day-to-day (active) management of the assets. You are at the point in life where you are tired of being an “active” investor but you’re unsure if you can afford to sell because of the tax associated with your gain.
December message from the president of NYSCAR - by James Walker
December 1, 2020
Call for Realtor of the Year Nominations – NYSCAR is taking nominations for the 2020 Realtor of the Year. If you would like to nominate an active NYSCAR member for this year’s award, please send a nomination letter to NYSCAR, 130 Washington Ave., Albany, NY 12210 by December 15th.
Defining the new landscape of workforce development - by Stacey Duncan
December 1, 2020
At the end of the day, workforce development is truly about the people. As leaders in defining the new workforce landscape, The Agency and the Greater Binghamton Chamber of Commerce through the Leadership Alliance are striving to bolster the workforce while simultaneously fostering a sustainable quality of life for all Broome County residents.
How three sectors came together to help their community with a new affordable housing model - by Jen...
December 1, 2020
In an effort to address some of the many issues found at Affordable Housing complexes in our country, as well as to help find homes for those in need of affordable housing in our community, a unique and innovative partnership was formed. Our team at Jewish Family Service of Rochester, New York (JFS) sought out a local affordable apartment community
Community Loan Fund awards COVID-19 small business grants
December 1, 2020
Schenectady, NY The Community Loan Fund of the Capital Region awarded $121,000 in grants to small businesses impacted by COVID. These grants are part of the City of Schenectady’s Small Business Assistance Program and will help businesses adjust to the challenges of the pandemic.
SWBR expands with 3tarchitects acquisition
December 1, 2020
Rochester, NY SWBR acquired Troy-based 3tarchitects. The acquisition will allow SWBR to expand geographically into the growing Capital Region and will allow 3tarchitects to deepen their impact by expanding the size and scope of their projects. “Over the past 50 years, we have maintained a proud heritage of designing memorable places
New York City is a long-term play - by Michael Weiser
December 1, 2020
Are you unsure about New York City? Shutdowns, potential second wave, empty office buildings, flight of wealthy New Yorkers to anywhere but here, no Broadway, Times Square empty, record low CRE transactions and on and on and on…Logic would dictate that COVID-19 is the straw that broke NYC’s back.
BRG brokers $2.55 million sale of Brooklyn multifamily
December 1, 2020
Brooklyn, NY Bestreich Realty Group (BRG) closed the sale of 363 Washington Ave. for $2.55 million. This four-unit multifamily totals 5,145 s/f, priced at $496 per s/f and $637,500 per unit. The seller of this property was 353 Washington Ave LLC and the buyers are 363 Wash Ave Corp.
Westbridge Realty Group closes $6.5m industrial site
December 1, 2020
Brooklyn, NY Westbridge Realty Group, a New York based investment sales firm, completed the sale of an industrial site in the Gowanus neighborhood for $6.5 million. The site, at 88 9th St., is a self-storage facility on an acre of land with 300 self-storage units.
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