November 24 - December 7, 2015

Digital Edition

Upstate New York

Buffalo, NY Brian Heine, a licensed real estate broker in New York State, arranged the sale of the Park Square Apartments for $2.5 million. Park Square is a 26-unit garden apartment complex consisting of eight two-bedroom apartments, 17 two-bedroom townhouses, and a single family house at 4391 South Buffalo Rd. in the village of Orchard…Read More

CPC delivers $23.7 million in financing

November 10th, 2015 | Posted in Upstate | No Comments

New York, NY The Community Preservation Corporation, Inc. (CPC), a leading not-for-profit affordable housing and neighborhood revitalization lender, announced the closing of its first eight (8) loans under the Freddie Mac Small Balance Loan (SBL) Program. Totaling $23.7 million, the loans will support 275 rental units in small buildings in Yonkers, New York City, Syracuse,…Read More

Rochester, NY Developers Buckingham Properties and Morgan Management revealed the first official retail tenant for Tower280 at Midtown. Branca Italian Restaurant will open its second location on the northwestern corner of the tower, occupying 4,500 s/f. Owner and operator Josh Miles describes Branca as neighborhood Italian eatery honoring the storied culinary history of Italy by…Read More

Albany, NY Robert Freedman of RLF Realty brokered the following two sales totaling $425,000: The sale of 133 Madison Ave. between seller, Lawrence A. Propp and 133 Madison Ave Inc. The selling price  was $150,000. Freedman represented Richters LLC seller of 309 Central Ave. to Thir Sial. Steven Altarac of Redmark Realty, LLC represented the…Read More

Syracuse, NY Destiny USA has hired Syracuse native Aiden McGuire as its new director of marketing. McGuire will be responsible for overseeing all of Destiny USA’s advertising, public relations, on-site events, guest services, social media, website and marketing strategies. “Aiden brings Destiny USA more than a decade of dynamic, hands-on marketing and communications experience,” said…Read More

North Creek, NY Bob Horvath and Jeremy Black of Marcus & Millichap, one of the leading commercial real estate investment services firms, have brokered the transaction of Village Square – a Tops Market grocery anchored center, according to Tim Thompson, sales manager of the firm’s Boston office. Village Square is a 26,253 s/f shopping center…Read More

Utica, NY The Upstate New York Chapter of the Appraisal Institute has an active education calender for real estate appraisers  for the remainder of 2015 for continuing education(CE).   The next course is the 7-hour USPAP Update Course at The Hotel Utica, 102 Lafayette St. on December 4.  Contact Yvette Molinas, executive director at 845.360.2510 for…Read More

Buffalo, NY McGuire Development Company, a local commercial development, real estate consulting and property management firm, arranged the sale of Delavan Station at 1832 Main St. for $1.8 million. The 15,000 s/f two-story mixed-use property consists of seven retail storefronts with eight apartment units on the second story. The retail portion of the property is…Read More

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