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Month: March 2020

Mar 2020

Reopening Lakeshore Hospital proposed by local officials

Due to the briefing from Gov. Andrew M. Cuomo on Monday, local officials are looking into using Lakeshore Hospital as an extra medical facility. Cuomo issued an Executive Order allowing the state to increase hospital capacity to prepare the state’s healthcare system to handle the potential influx of patients suffering from COVID-19. The brief included …

Mar 2020

Low Mortgages Boost U.S. Prices, Hong Kong Officials Says Real Estate Market Won’t Crash and More

Home Prices Rise in California’s Bay Area After a period of relative stasis, home prices are rising again in California’s Bay Area. In January, the median year-over-year single family sale price increased in Santa Clara, San Mateo, Alameda and Contra Costa counties. San Mateo’s prices grew by 6.3% to hit $1.47 million and Santa Clara’s …

Mar 2020

Opportunity Knocks: 713-715 Military Road

Not far from Chandlerville, a real estate opportunity has presented itself. 715 Military Road, comprised of a tavern and an apartment, is being listed at $340K. The property comes with an adjoining parking lot at 713 Military Road. The interior of the tavern features a fully equipped kitchen and beer cooler, security cameras, POS system, …

Mar 2020

Strong Demand for New Homes at Colvin Estates

Over forty percent of the new lots available in the Colvin Estates subdivision have been reserved. Marrano Homes has taken deposits for 13 of the 30 lots it recently released in the North Buffalo subdivision. Prices start in the $340’s.  The 34 homes Marrano constructed in the second phase of Colvin Estates sold quickly. Prices …

Mar 2020

Home refinance applications surge

Mar 2020

Jemal pursues another major tenant for Seneca One with 300 new jobs

Developer Douglas Jemal is working to land a California-based technology company for his Seneca One tower in downtown Buffalo, potentially taking up the top dozen floors of the city’s tallest building with more than 300 new jobs. Jemal, whose Douglas Development Corp. owns the 38-story building, confirmed that he is negotiating with a California-based technology …

Mar 2020

Write your representative. Governor’s proposal to have state trump home rule for solar farms eschews public and unfairly shifts tax burdens

To the Editor: I mailed this letter last Friday to Senator George Amedore and Assemblymember Patricia Fahy regarding the governor’s proposed budget amendment for renewable energy facilities.  Because of the truncated time for considering important public issues in the context of the state’s budget adoption, I’d appreciate the letters reprinting in your newspaper … In …

Mar 2020

Amazon to buy Lord & Taylor’s former NYC building for $1.5B

Amazon is buying the former Lord & Taylor building in Midtown for a whopping $1.15 billion in cash, the New York Post reports. The landmarked 11-story Fifth Avenue building will serve as Amazon’s New York City headquarters, and will house several thousand employees in the coming years, a source familiar with the sale told the …

Mar 2020

Perinton homeowners planning to file grievances after spike in home assessments

Some homeowners in the Town of Perinton say they want answers after several of them saw a large bump in their home assessments. News10NBC connected with several neighbors through the Nextdoor App, neighbors like Gail Davis. Davis says she was going through her mail on Wednesday when she opened up an assessment from the town, …

Mar 2020

Howard Hanna’s top WNY exec sees a housing market on an upward trend

Business is booming if you’re a Buffalo real estate broker these days, and Fred Corsi wants to make sure his own people can benefit as they work with their clients. Corsi, a licensed attorney for over 30 years, is the new president of the Western New York Region for industry powerhouse Howard Hanna Real Estate …

Mar 2020

Law should protect homeowners from bad reassessment policies

Property reassessments in Buffalo and other municipalities share a common problem: They were allowed to drift so far from reality for so long that for some property owners, reassessment leads to economic shock. To avoid that outcome, local governments need to make the hard decision to conduct regular, large-scale revaluations and then figure out, with …

Mar 2020

Homebuyers’ Interest Remains Strong Despite Coronavirus

The majority of members of the National Association of Realtors said buyers’ interest remained sturdy in the face of the coronavirus outbreak, according to a survey by the trade organization released Thursday. Nearly nine in 10 (87%) residential realtors surveyed said coronavirus has not affected the number of homes on the market. And 78% of …