Owners of 319 Connecticut Street, John Pantalena and David Wagner, are making some good progress on the historic building. Back in October of 2018, we posted that the team was strategizing about the future of the structure, located at the corner of Plymouth. Prior, the building was home to Hoeffler Ice Cream Company (1890s), Marine Bank (1920s), …
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Nidus Development is finishing up the conversion of the former Pierce Arrow complex’s administrative building at 1695 Elmwood Avenue into 105 loft apartments and a 100-seat restaurant. The development firm headed by Dr. Gregory F. Daniel bought 1695 and 1721 Elmwood Avenue from Brooklyn-based Read Property Group in January 2018 for $4.3 million. The purchase …
With temperatures soaring into the 90’s, summer is surely in the air, and so are the tradesmen working at 1585 Hertel Avenue. Carpenters, plumbers, electricians and utility workers are busy throughout the structure now that New York State has lifted construction restrictions. O’Dalaigh Real Estate LLC is the developer of the infill construction project, which …
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The Town of Lancaster 2020 Revaluation Project has been completed. The two-year long project’s objective was to bring all properties to 100% of the current real estate market value as of July 1, 2019. New York state has certified the Town of Lancaster at 100%. All inventory was reviewed and updated, if necessary. Thank you …
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The health crisis we face as a country has led businesses all over the nation to reduce or discontinue their services altogether. This pause in the economy has greatly impacted the workforce and as a result, many people have been laid off or furloughed. Naturally, that would lead many to believe we might see a …
Continue reading “Two Reasons We Won’t See a Rush of Foreclosures This Fall”
Evans Bancorp’s merger with Fairport Savings Bank’s parent company in the Rochester area is off to a good start, albeit in uncommon times, said David J. Nasca, Evans’ president and CEO. “The integration is going as well as it can go, under these unusual circumstances, in terms of acquiring new accounts,” Nasca said. “We think …
Continue reading “Evans Bank’s merger with Fairport Savings ‘ahead of schedule’ despite pandemic”
Forty-two offers. That’s how many different would-be homebuyers bid on Scott Sciumeca’s father’s Cape Cod-style house in the Town of Tonawanda – which he built in 1954, and where Scott and his sister grew up. With the number of homes for sale at its lowest in more than 22 years, homebuyers are scrambling to find houses they …
Continue reading “Despite pandemic, it’s a feeding frenzy in Buffalo Niagara housing market”
FORT EDWARD — Fort Edward is joining with five other Washington County towns in a project to review assessments and bring them up to 100% market value. GAR Associates, with headquarters in Buffalo, has been hired to “create fair and equitable property assessments” for the 2022 assessment roll, according to a press release sent out …
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The Appellate Division of the New York courts has affirmed that a local governmental taxing authority must notify a solar project developer within 60 days from when the developer first notifies the authority of its plans to construct a solar facility that the authority intends to require the developer to enter into a Payment in …
Mending from the sudden sharp drop in activity due to the coronavirus crisis, real estate across the United States is heating up, rekindled by growing demand and insufficient supply. The National Association of Realtors’ (NAR) pending home sales index, a future-looking indicator of completed sales based on signed contracts, posted a staggering comeback in May, the latest month …
Continue reading “What will the rest of the year spell for the housing market?”
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