What can we help you find?

In the News

Dec 2019

State Senate looks ahead to complicated task of property tax reform

A roomful of top experts on New York’s property tax system — an opaque topic that nonetheless touches every New Yorker, property-owner or not — gathered for a roundtable discussion convened by state lawmakers Wednesday in downtown Manhattan. They were assembled at the hearing by State Senator Brian Benjamin, a Manhattan Democrat and chair of …

Dec 2019

The New York real estate industry’s Albany goals in 2020

Although few Albany observers expect the political winds to shift in real estate’s favor next year, and its lobbyists will likely spend more time trying to defeat bills than pass them, there is still some optimism in the industry. Here are the goals it hopes to achieve in the legislative session that begins next month. …

Dec 2019

4 things New York’s commercial real estate industry is watching for 2020

With just a few weeks left of this decade, the city’s real estate community is looking back on 10 years of enormous growth and change, and forward to what the 2020s may bring. Laws governing how buildings are built and run are top of mind, as are the kinds of businesses and industries that will …

Dec 2019

USA Niagara has new plan for former Rainbow Mall site

Wonder Falls, a proposed $150 million private development project once hailed as a potential “hub” of activity for downtown Niagara Falls, has been officially removed from consideration. The project developer and officials from USA Niagara Development Corp., the state agency that oversees development in downtown Niagara Falls, confirmed Friday that the project, long envisioned to …

Dec 2019

Syracuse.com real estate update includes over $500,000 in second half of 2019

Syracuse.com has updated its database of the latest commercial and residential real estate sales in Central New York. Search three years of sales data in Cayuga, Madison, Onondaga and Oswego counties. Syracuse.com updates its real estate sales database each week. The records come from the New York State Office of Real Property Tax Services. Readers …

Dec 2019

What the $1.9 billion Erie County budget really tells us

As could be expected in a healthy economy, the $1.8 billion Erie County budget approved Thursday doesn’t cut much. But it does say a lot about who and what matters most to county leaders. The politics and priorities became clear as lawmakers approved it in a 10-1 vote. The budget includes a new “urban initiative” …

Dec 2019

Dealmakers: L.A. investment firm pays $4.9 million for 65 apartments

A 65-unit Hamburg apartment complex has been acquired by a Los Angeles investment firm for $4.9 million, in one of the largest commercial real estate deals in recent weeks. Summit Equity Investments, of Studio City, Calif., purchased the Holiday Meadows Apartments at 121-125 Holiday Lane in Hamburg from Michael Lorigo’s Holiday Meadows LLC. The 56,650-square-foot …

Dec 2019

State Lawmakers Step Into Overhaul of NYC Property Tax System

One state senator called the New York City property tax system “a monstrosity.” A former city finance commissioner said it’s unconstitutional and should be placed under court order. And the owner of a long-established Harlem newspaper said it’s threatening the survival of small businesses across the city. They all agreed in an animated Dec. 4 …

Dec 2019

New York lets property tax cheats take STAR program for a ride

Advance Media Editorial Board When it comes to tax breaks, New York is the state of unintended consequences. Fixing one thing often messes up another. The latest example of this is the $3.4 billion school tax relief program known as STAR. A change in how the state administers the program means that property owners who …

Dec 2019

Sen. Little won’t seek re-election after 25 years in legislature

GLENS FALLS — After more than three decades in politics, state Sen. Betty Little has decided to call it a career. Little, R-Queensbury, announced at City Hall on Thursday morning that she would not seek re-election to a 10th two-year term in 2020. Little said it has been a privilege to represent the 45th Senate …