Category: Western NY
Are 6% mortgage rates the new norm? - by John Rynne
February 24, 2026
In my October article there was much emphasis on what effect interest rates have on overall capitalization rates. A lengthy discussion was made regarding the battle of words between President Trump and Federal
250,000 s/f Pianoworks property set for February 2026 auction
February 10, 2026
East Rochester, NY The historic Pianoworks property, a landmark mixed-use complex with industrial roots and modern repositioning potential, is set to hit Crexi Auctions in February 2026, offering investors and owner-users a rare opportunity to acquire a sizable, character-rich asset in the Greater Rochester market.
Cleeman Realty Group arranges off-market sale of net lease Tops portfolio
February 10, 2026
Medina, NY Cleeman Realty Group completed the sale of a three-property Tops Supermarket portfolio totaling 167,500 s/f of gross leasable area across Western New
Gantry secures $48.3 million for multifamily portfolio acquisition
February 10, 2026
Hamburg, NY Gantry has secured loans totaling $48.3 million for the acquisition of a four-property multifamily portfolio encompassing 671 units in a suburb
Harter Secrest & Emery names co-practice leaders for Environmental, Land Use and Energy practice
January 27, 2026
Rochester, NY Harter Secrest & Emery LLP, has named Melissa Valle as co-leader of the firm’s Environmental, Land Use and Energy practice group, joining current group leader and partner Thomas Tuori. Valle brings a strategic, client-centered perspective to environmental, land use and zoning matters. She guides businesses, developers,
Community Preservation Corp. closes $3.17 million construction loan of historic Buffalo redevelopmen...
January 27, 2026
Buffalo, NY The Community Preservation Corp. (CPC), in partnership with New York State Homes and Community Renewal (HCR), closed a $3.17 million construction loan to 1762 Main LLC for the
Phillips of Largo Real Estate closes $3.85 million mortgage
January 27, 2026
Cheektowaga, NY Largo Real Estate Advisors has closed a $3.85 million permanent first mortgage on a newly constructed, high-visibility retail center. The
Perlman of Largo Real Estate arranges $25 million construction loan
January 23, 2026
Hamburg, NY Ned Perlman of Largo Real Estate Advisors arranged a $25 million construction loan for a 112-unit multi-family development. One of Buffalo’s most
Rochester Area Chapter of NYSCAR names Janto of CBRE Upstate and Jones of CBC Custom Realty to boar...
January 13, 2026
Rochester, NY The Rochester Area Chapter of the New York State Commercial Association of Realtors (RAC NYSCAR) has named two new board of directors for 2026: Courtney Janto of CBRE Upstate NY and Rob Jones of Coldwell Banker Commercial Custom Realty.
Phillips of Largo Real Estate arranges $10.8 million mortgage refinancing
December 23, 2025
Orchard Park, NY Jack Phillips of Largo Real Estate Advisors successfully arranged a $10.8 million permanent first mortgage to refinance existing debt and finance the expansion of a medical
Phillips of Largo Real Estate arranges a $43.5 million refinancing
December 23, 2025
Buffalo, NY Jack Phillips of Largo Real Estate Advisors, Inc. successfully arranged a $43.5 million CMBS loan to refinance a state-of-the-art 323,260 s/f industrial distribution center
Habitat, Duvernay + Brooks and Buffalo Municipal Housing close on 254-unit first phase redev. of Mar...
December 18, 2025
Buffalo, NY The Habitat Company has closed on Marine Drive Apartments, officially setting in motion the redevelopment of the historic waterfront site. The project, undertaken by Habitat in partnership with Duvernay +
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