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Category: Central NY
Kennedy Wilson provides $104 million
senior construction loan for Ithaca Gateway
April 8, 2025
Ithaca, NY Kennedy Wilson has closed a $104 million senior construction loan for Ithaca Gateway, a 371-unit, 518-bed student housing development. The loan was provided to a joint venture led by Blue Vista, PeakMade Real Estate, and W5 Group for the development of a
PREMIER Design + Build breaks
ground on 146,075 s/f logistics center
April 8, 2025
Montgomery, NY PREMIER Design + Build Group broke ground on the I-84 Logistics Center, marking its first collaboration with developer Ridgecut Road. “We are excited to work with the Ridgecut Road team and continue our growth in the New York market
Greater Binghamton Chamber of Commerce joins The Manufacturers Alliance of NY
March 25, 2025
Binghamton, NY The Greater Binghamton Chamber of Commerce has joined The Manufacturers Alliance of New York, led by MACNY, The Manufacturers Association, to bolster manufacturing advocacy and workforce development in the southern tier region. The Alliance
Greater Binghamton Chamber of Commerce hosts annual Economic Forecast and Building BC Awards
March 11, 2025
Binghamton, NY The Greater Binghamton Chamber of Commerce held the annual Economic Forecast and Building BC Awards on February 19. Sponsors: M&T Bank (title sponsor); Newman Development Associates; Advance Testing, Co.; LeChase Construction Service, LLC; Marchuska Brothers Construction; Mirabito Energy
Phillips of Largo Real Estate secures $1.65 million refinancing
March 11, 2025
Elmira, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc., secured a permanent first mortgage to refinance the existing debt on two adjacent multi-tenanted office/warehouse (flex) buildings
Pyramid Management Group secures extensions on $400 million of debt
February 25, 2025
Syracuse, NY Pyramid Management Group has worked with its lenders to secure three-year extensions on the loans on Holyoke Mall in Holyoke, Mass. and Sangertown Sq. in New Hartford, N.Y. A one-year extension has also been secured for Poughkeepsie Galleria in Poughkeepsie. These extensions will allow Pyramid to
Swon and Anton of Marcus & Millichap broker sale of two hotel portfolio
February 11, 2025
Syracuse, NY Marcus & Millichap negotiated the sale of a two-property hotel portfolio in Upstate New York. “I am pleased to have successfully transacted this nuanced deal,” said Jerry Swon. “Both hotels will be renovated, with the Staybridge continuing to operate
Modern economic development requires educational development - by Stacey Duncan
February 11, 2025
When I was growing up in Broome County, obtaining a high-quality home-grown education meant you could – upon graduation – have your pick of high-quality home-grown economic opportunities. Even as the presence of once-robust local giants like Singer Link and IBM dwindled while I was in school
Riley of Cushman & Wakefield to head Upstate New York Chapter of the Appraisal Institute
February 11, 2025
Syracuse, NY The Upstate New York Chapter of the Appraisal Institute (AI) will be led by Shawn Riley, MAI of Cushman & Wakefield as president for 2025. Other officers include Thomas LaBelle, MAI, AI-GRS as vice president, Robert Chelus, AI-GRS as
Old Dominion Freight Line to develop 20-acre site in Broome Corporate Park
January 14, 2025
Conklin, NY Old Dominion Freight Line (ODFL), a leading national freight company, is set to purchase a 20-acre site in the Broome Corporate Park to construct a cross-dock logistics facility. The site, which has remained vacant since the park’s establishment
Phillips of Largo Real Estate Advisors secures $7 million permanent first mortgage
December 10, 2024
Horseheads, NY Jack Phillips, principal at Largo Real Estate Advisors, Inc. secured a $7 million permanent first mortgage to refinance the existing debt on a portfolio of flex buildings. The buildings are located off I-86, near Elmira Corning Regional Airport.
Broome County IDA launches community survey on Broome Tech. Park development
December 10, 2024
Binghamton, NY The Broome County Industrial Development Agency (IDA) launched an online community survey focused on the proposed Broome Technology Park spanning the towns of Union and Maine. This survey aims to gather community insights to help the IDA in presenting a project proposal that delivers maximum benefits
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