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In the News

Jul 2020

Clarkstown review board deals blow to Palisades Center on tax grievance

The Palisades Center, already saddled with economic hardships and stymied by an inability to reopen under the state’s pandemic-related guidelines, has been dealt another blow. The mega-mall’s owner lost a grievance seeking to cut its tax bills in half, according to documents obtained by The Journal News/lohud through a Freedom of Information request. The July 1 determination by the five-person Clarkstown …

Jul 2020

The Coming Housing Crisis Is Already Here

Millions of renters and homeowners could face evictions and foreclosure as many have trouble paying their bills in the recession. With temporary job losses turning permanent and the unemployment rate still at double digit rates, many families do not earn enough to make ends meet. They often rely on government assistance, but that government help in all forms …

Jul 2020

Analysis: What pandemic? The local housing market is hotter than ever

The coronavirus pandemic hasn’t made the Buffalo Niagara housing market sick. As illogical as it sounds at a time when unemployment is in the double-digits and higher than it has been since the early 1980s, the local housing market is hot and it keeps getting hotter. “Don’t write off the Buffalo housing market,” said Susan …

Jul 2020

Construction Watch: Cornerstore Lofts

The former Bethlehem Presbyterian Church located at 340 Bird Avenue is on its way towards a residential future. Michael Pietrocarlo purchased the circa-1909 church in 2015 for $375,000. He is teaming with developer Mark McGroarty on the project with 12 one to three-bedroom residential units that are expected to be sold as condominiums. A half …

Jul 2020

America’s housing market is so far unfazed by recession

America’s housing market is behaving oddly. Residential property—worth $35trn, slightly more than America’s stockmarket—seems strangely oblivious to the economic carnage around it. House prices in May were 4.3% higher than a year earlier. That rate of growth is only marginally below the average since the end of the housing crash a decade ago. Prices in …

Jul 2020

Strong Majority of Realtors® Say Market Is in Recovery Phase of Pandemic as Buyers Return

WASHINGTON (July 9, 2020) – After enduring months of setbacks brought on by the coronavirus pandemic, a new survey from the National Association of Realtors® shows that more than nine in 10 of its members believe they are in the process of recovering as many states start to reopen their economies. NAR’s 2020 Market Recovery Survey polled …

Jul 2020

Niagara Falls Housing Authority plans makeover of 59-year-old town homes

Plans are afoot for a major renovation of Jordan Gardens, one of Niagara Falls’ oldest public housing projects. But the Niagara Falls Housing Authority hopes to use that work to trigger a general makeover of the Highland Avenue area in the heart of one of the region’s poorest neighborhoods. The authority disclosed Monday that it …

Jul 2020

Opportunity Knocks: 44 17th Street

Rarely does a place like this come onto the market. At the same time, it takes the right person to fully realize the potential of this dynamic 16,520 square foot space, which formerly housed the studio of one of the city’s most esteemed photographers. This place has it all – interior garage, studio, loft living, …

Jul 2020

National Fuel wins right to take land for pipeline

The state Court of Appeals has ruled that National Fuel has the power to take land for a planned natural gas pipeline despite the state’s refusal to approve the project. The attorney for an affected landowner who has fought the utility in court said Tuesday that he hopes to appeal the case to the U.S. …

Jul 2020

It’s closing time for the Pub by Wegmans

The coronavirus pandemic was the last call for the Pub by Wegmans. Wegmans stopped service at the Pubs months ago in New York, Pennsylvania and Virginia in response to the Covid-19 outbreak, but has now confirmed the bar restaurants will not reopen. Wegmans had 12 Pub locations, including one at 8270 Transit Road in Amherst. …

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