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Aug 2020

Mike Dubb and his Beechwood Organization spent 35 years building 7,500 downstate homes

Mike Dubb and his Beechwood Organization spent 35 years building 7,500 downstate homes. For the first time in his career, Dubb is starting to build homes in Saratoga Springs, less than three miles from Saratoga Race Course, the thoroughbred race track he has been visiting since he was 17 years old. Dubb and Beechwood last …

Aug 2020

Real Estate Among ‘Industries to Watch’ Post-COVID-19

Entire industries are being forced to reconsider their business models in the COVID-19 world. Unemployment has skyrocketed during the pandemic, but some industries are more likely than others to weather the storm and even grow after the pandemic eases. Keeping a pulse on employment is key in real estate, as new job centers can spawn …

Aug 2020

Home prices could fall in major cities as Americans sour on urban living, says Nobel Prize-winning economist Robert Shiller

The coronavirus pandemic has many Americans heading for the hills — or the suburbs, as it were. And home prices in cities could decline as a result, says Nobel Prize-winning economist Robert Shiller. In an interview with CNBC CMCSA, +0.77%, Shiller outlined the broad risk to the economy posed by the spread of the novel coronavirus and the …

Aug 2020

Mortgage Rates Fall Below 3% [INFOGRAPHIC]

Some Highlights Mortgage rates hit another all-time low, falling below 3% this week. If you’re ready to buy a home, now is a great time to truly get more for your money at this historic moment. Let’s connect today to determine your best next steps toward homeownership. Published by Simplifying the Market

Aug 2020

Construction Watch: 1585 Hertel

A five-story mixed-use building is rising at the southeast corner of Hertel and Parkside Avenues.  The building will include retail space on the first floor, residential apartments on the upper levels, and underground parking for 26 vehicles.  It is replacing a gas station that was previously on the site. John Daly, a managing principal and …

Aug 2020

Big Reveal: Renovation Plans for Hens & Kelly

Ellicott Development is proposing a top-to-bottom renovation of the former Hens & Kelly Department Store at 478 Main Street. The developer is planning to convert office space on the top floors to 28 apartments and undertaking significant façade changes including bringing windows back to the first two floors of the building.  Carmina Wood Morris is …

Aug 2020

Property Prices

Since real estate transactions have been very limited given Covid-19, knowing what various types of real estate are worth has been hard to directly ascertain. However, publicly REITs trade daily. YTD through 6/30/20, data centers are up 19%, infrastructure is up 17%, industrial is up 2%, and everything else is negative. Hotels are down 49%, …

Aug 2020

5 Ways the Coronavirus Has Changed Suburban Real Estate

Thousands of New Yorkers left the city and headed to the suburbs during the pandemic, and real estate there hasn’t been the same since. Shawna Padula and Keith Hymes, both 37, decided very shortly after the pandemic shutdown in New York that they would stop looking for a larger apartment in the city for their …

Aug 2020

Gold Wynn buys Sinatra properties for $11M

The Canadian brothers who have been buying up apartment properties around Buffalo in the last few years have snapped up another set of properties with nearly 200 apartments from developer Nick Sinatra. Gold Wynn Residential USA – the American division of the Toronto-based Wynn Group – is paying $11.38 million for seven apartment buildings on six streets …

Aug 2020

10 Most Important Developments of the Decade: HarborCenter

By WCPerspective (produced by Colin Dunkle) Number 10: HarborCenter (2014-15) Number five on the top ten developments in downtown Buffalo this past decade is the LECOM Harborcenter. HarborCenter features a Marriott Hotel, two full-size NHL ice rinks, a Tim Hortons, (716) Food and Sport, Healthy Scratch, and a five-level, 750-space parking structure. The $172 million project was …

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