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Month: November 2020

Nov 2020

Ramapo: Owner selling Novartis campus for $55 million while fighting taxes

Ramapo officials are expressing outrage at the secretive owner of the former Novartis property, who they say is trying to sell the campus for millions more than what it’s worth while simultaneously taking the town to court to lower its property taxes. Suffern Partners LLC entered into a contract to sell the 162-acre campus for $55 million – some $14 …

Nov 2020

Clover Management sells condo association division to Rochester firm

Michael Joseph’s Clover Management has sold its condo and homeowners association division to a Rochester-based firm, divesting itself of a business that no longer fits with its growing focus on senior housing. The sale involves the management of 65 condo, townhome and homeowners associations throughout the Buffalo Niagara region, with 4,700 homes in total. It’s the largest …

Nov 2020

Real estate market stays strong in WNY but that may change if there’s another lockdown

BUFFALO, N.Y. (WBEN) – The realty market locally remains strong, though there is a reasonable concern operations could halt if the region enters into a red zone or if there are statewide shutdowns. “My concern is that people just will hole up and if they hole up, our market will slow down radically,” Peter Hunt, CEO …

Nov 2020

The Glen Theater sold for $375,000

WATKINS GLEN, N.Y. (WETM) – The Glen Theater has been sold for $375,000, according to a real estate listing. The news was first reported by The Odessa File, who said that the “new owner, described by Schuyler County Partnership for Economic Development Executive Director Judy McKinney Cherry as a local person and “new entrepreneur” — who prefers …

Nov 2020

Done Deal: Silo City Site Sold

What’s the going rate for a malt house these days? $2.8 million if a deal completed on Friday sets the bar. Generation Development has finalized the purchase of the American Malting Company Malthouse within the Silo City complex from Rick Smith. The developer is moving forward with plans for an adaptive reuse project that will create commercial …

Nov 2020

Housing Recovery in Full Swing as Sellers Inch Their Way Back into the Market

National Recovery Trends Despite the cooler weather in many parts of the country, the housing market continues to enjoy an extra boost in activity this fall. The realtor.com Housing Market Recovery Index reached 111.8 nationwide for the week ending October 10th, 11.8 points above the pre-COVID baseline and an increase of 1.3 points over last …

Nov 2020

Salt City Market food hall seeks deal with city after assessor says it’s not tax exempt

Syracuse, N.Y. — The Salt City Market food hall set to open in downtown Syracuse in January is seeking a property tax deal with the city after assessor David Clifford determined it does not qualify as a charitable business. The Syracuse Urban Partnership, a nonprofit organization created by the Allyn Family Foundation to develop the …

Nov 2020

Hudson Valley Real Estate Agents See Rising Interest from NYC Buyers

Angela Lanuto is a top-selling Hudson Valley real estate agent. Last week, she showed a 35-acre California ranch style home in Salt Point to New York City-based real estate broker Irene Guanill, who traveled to Dutchess County to scout Hudson valley properties for her New York clients. “The peacefulness. You’re definitely not hearing sirens or …

Nov 2020

Lockport IDA buys land to aid industrial park expansion

The Town of Lockport and General Motors have been waiting since 2018 for a verdict in their court fight over the town’s payment to GM for land the town took from it to expand an industrial park. But even before winning that case, the Town Board and the town Industrial Development Agency made a land …

Nov 2020

‘Unlivable’ New York City ‘house of horrors’ sells for a cool $720K

A New York City home that went viral over the summer thanks to listing photos described as “the scariest” in the city has sold for $720,000. Located in Queens’ Fresh Meadows neighborhood, the four-bedroom property has been described by the New York Post as an “eyesore” and a “nightmare chamber from a house of horrors.” …

Nov 2020

More Buyers Are Skipping Home Inspections. Tales of Bats, Termites and Asbestos Should Make You Think Twice

Jeff and Jessica Falkowski’s homebuying journey should be a cautionary tale. The couple, along with their one-year-old son Jack, have been shopping for a home in Westchester, N.Y. since February. Though they’ve made offers on four homes, they’ve yet to actually buy one. In two deals, they were outbid. The other two? They backed out …

Nov 2020

Evans Bank to open East Side branch

Evans Bank plans to open a branch next spring on the East Side, inside the Westminster Commons development. This will be Evans’ 16th branch in the Buffalo Niagara region, and 21st overall. Amherst-based Evans has three other branches in the City of Buffalo, in the Elmwood Village, North Buffalo, and downtown. The new branch will …