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NEW YORK REAL ESTATE JOURNAL
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NYS Housing Finance Agency approves $8.5m financing to renovate 102 units NYS Housing-Park Manor_opt.jpg Rome, NY The board of the New York State Housing Finance Agency (HFA) has approved $8.5 million in financing for major capital improvements at the Park Drive Manor I Apartments.
Park Drive Manor I Apartments is a 102-unit Mitchell Lama project located at 100 Park Dr. The financing comes from HFA's Mitchell Lama Rehabilitation and Preservation (RAP) program, which provides support for capital improvements. In return, owners agree to keep rents affordable for the next 40 years.
"This project ...
FRA to complete Wayne County Industrial Sustainability Park FRA-Wayne Cty_opt.jpg For nearly two years, engineering firm FRA, a T.Y. Lin International Company, has been driving the public review and approval processes as well as advancing architecture and engineering projects for what will become the Wayne County Industrial Sustainability Park. Contracted to take the core project—re-use of an old lumber yard—through the municipal permitting process, FRA has worked closely with the key players in the project, private business owner, Bob Bechtold, and public entity Wayne ...
Empire Merchants North commits 250,000 s/f to Greene County Greene Cty-2_opt.jpg Coxsackie, NY Empire Merchants North, one of the largest beverage alcohol distributors in New York, and the Greene County Industrial Development Agency have completed the sale of 21 acres in the Kalkberg Commerce Park. Empire Merchants North will construct a 250,000 s/f corporate office/distribution complex on the site with room for future expansion and growth.
"This is a proud day for Empire Merchants North as we strengthen our commitment to Upstate New York and I'm particularly pleased that we're able to ...
SIORF educates, expands and enriches the comm'l. R.E. community Established in 1962 as the Society of Industrial Realtors Educational Fund (SIREF), the organization's original purpose was to publish the industry's first graduate-level textbook on industrial real estate. When the Society was expanded to Society of Industrial and Office Realtors in 1985, the Fund became the SIOREF. Over the years, the SIOREF has promoted and funded programs that advance the real estate profession through educational scholarships, critical research projects, publishing and ...
NAIOP Upstate N.Y. Chapter hosts annual industry event - Sept. 10 NAIOP-LAZPalmertonSchi_opt.jpg The National Association of Industrial and Office Properties' (NAIOP) Upstate New York Chapter hosted its annual clambake on Wednesday, September 10, bringing together the area's leaders in commercial real estate with state legislators.
In attendance were Senator Joseph Robach, assemblyman Joseph Errigo, assemblyman Dennis Gabryszak and assemblyman Robin Schimminger. Each was asked to share his outlook on the state's fiscal condition.
In his remarks, Senator Robach noted that balancing the ...

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