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Month: March 2020

Mar 2020

Medical, retail space planned for former Bon-Ton property in Tonawanda

The former Bon-Ton store and Bon-Ton Home Store properties in the Sheridan Delaware Plaza could see new life under plans submitted to the Town of Tonawanda by Benderson Development Co. The buildings are located at 1692-1752 Sheridan Drive, at Delaware Avenue, in the plaza anchored by Tops Markets. The developer would tear down the 30,454-square-foot …

Mar 2020

Downtown Office Market Improves

Downtown office occupancy increased by 345,428 sq.ft. last year according to an end-of-year market report by CBRE Buffalo. M&T Bank’s monster lease of 330,000 sq.ft. of space at Seneca One accounted for the bulk of the increase with 330,000 sq.ft. Other big leases downtown were CannonDesign and The Yield Book with 49,500 sq.ft. combined at …

Mar 2020

And so it begins: Moody’s launches CRE portal to challenge CoStar’s dominance

Moody’s Analytics has launched its long-planned commercial real estate data portal, highlighting the company’s push into a space largely dominated by the CoStar Group. The financial services giant, which is valued at $31 billion, has over the past year acquired, invested and partnered with data companies to provide a centralized portal of commercial real estate …

Mar 2020

‘The BFLO District’ revitalizes Eastern Hills Mall

Tonight from 6-8 p.m. is the public’s first chance to see Phase 1 of renovations at the Eastern Hills Mall. The former Sears has been revamped into a mixed-use space, complete with an event center, salon, bakery, restaurant/bar and the flagship The BFLO Store. The entrepreneur behind the movement is 26-year-old Nathan Mroz. He opened …

Mar 2020

Syracuse beefs up assessment department with new deputy commissioner

Mayor Ben Walsh today announced that he has hired a new deputy commissioner of assessment, adding staff to a department that has struggled to keep up with changing property values in the city. Matthew Oja, 36, of Syracuse, will earn $65,000 as the new deputy commissioner. He previously worked as senior appraiser at CNY Pomeroy …

Mar 2020

Homeowners question Meck appraisal methods

Two homeowners in Charlotte want Mecklenburg County to change the way it values your property and how much you pay in taxes. They’re taking their case to the North Carolina Property Tax Commission to make their argument. Steve Glasgow lives on Melchor Avenue in Charlotte. When he received his property revaluation last year, he thought …

Mar 2020

The Foundation Pleased Congress Requested Government Accountability Office Study of Appraisal Exemptions by Federal Agencies

The Appraisal Foundation is pleased that Congress announced it has requested the Government Accountability Office conduct a study pertaining to the 1989 law that set up appraisal regulations, Title XI of the Financial Institutions Reform, Recovery and Enforcement Act of 1989 (FIRREA). That study, which will focus on federal practices that exempt many real estate …

Mar 2020

NYC Property Tax System Survives Court Challenge

A mid-level New York state appeals court dismissed a constitutional challenge to the New York City property tax system brought by a coalition of real estate interests and civil rights groups. The long-awaited decision released Thursday by the state Supreme Court Appellate Division, First Department, found that the coalition, Tax Equity Now New York (TENNY), …

Mar 2020

Economist: Binghamton economy on the upswing

In the estimation of an upstate economist, Binghamton’s business environment is on the upswing on several fronts, with the exception of one glaring weakness: population growth. “We have to make the boat fuller,” said Gary Keith, M&T regional economist. The flight of mid-career professionals and end-of-career baby boomers from the area places a collar around an otherwise optimistic economic …

Mar 2020

James Dentinger to step back from McGuire Development leadership

Fourteen years after helping F. James McGuire launch his real estate development firm, James Dentinger is taking his first steps back as part of a planned management transition designed to raise a new generation of leadership. McGuire Development Co. will announce Wednesday morning that Dentinger, a 35-year veteran of the commercial real estate industry, will …

Mar 2020

Advertisement Home Personal Finance Real Estate Joe Biden wants tougher standards for real-estate appraisers to help black and Latinx homeowners

Former Vice President Joe Biden will work to create national standards for home appraisals if elected, as part of an effort to weed out racial discrimination in the real-estate industry. Biden is the latest Democratic presidential candidate to release a comprehensive plan to address issues related to housing affordability and homelessness. Among his many proposals …

Mar 2020

New York’s taxes are driving out thousands, but Millennials keep moving in

More Americans are fleeing New York than any other state in the union, many as a result of high taxes due to the Tax Cuts and Jobs Act capping state and local tax deductions. Despite that, Millennials continue to move into the metropolitan area. Forty-eight percent of home-buyers nationwide are Millennials, Elliman New York real estate …