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In the News

Mar 2019

Erie County sales tax revenue higher than expected in 2018

Erie County’s sales tax revenue rose 4.25 percent in 2018, the largest one-year increase in seven years, according to the county budget office. Despite slowing fourth-quarter growth, the county gained $12.5 million more in sales tax revenue than officials budgeted. Sales tax growth met or exceeded 3 percent in October and November, but shrank to …

Mar 2019

Amherst touts Boulevard Mall – and benefits of its site – to potential buyers

Amherst officials are pitching the Boulevard Mall to prospective buyers as the mortgage holder on the region’s oldest enclosed shopping center prepares to put the property on the auction block this spring. “This is a focal area of the town for redevelopment,” said David Mingoia, executive director of the Amherst Industrial Development Agency. “We’re introducing …

Mar 2019

The top 10 biggest real estate projects coming to NYC

A Bronx warehouse topped the list of largest projects in New York City last month. The Bruckner Boulevard project from Innovo Property Group and Square Mile Capital Management topped the list by a wide margin. It would span about 740,000 square feet, more than 300,000 square feet larger than the No. 2 spot, which went …

Mar 2019

Here’s why the housing market, while still risky, won’t be all bad for buyers in 2019

With spring on the way, many home buyers are starting their hunt for a new home. But with the housing market in transition, will they be able to find what they’re looking for? Thus far this year, the 30-year-fixed has averaged 4.46 percent, down from 4.54 percent in 2018. The dip in interest rates, combined …

Mar 2019

Why billionaire Ken Griffin can snag property tax bargain

Ken Griffin won’t have to worry about the tax man — at least when it comes to New York City real estate. Last month, the billionaire investor behind the Citadel hedge fund snagged a 23,000-square-foot condo on Central Park South for a record-breaking $238 million. But when it comes time to pay his tax bill, …

Mar 2018

TLC for a Grande Dame – The Hotel Lafayette

“In less than four months, developer Rocco R. Termini expects a restored and renovated Hotel Lafayette to be fully operating. Into its seventh month, the $42 million project at the historic downtown structure — turning the building into, among other things, a “one-stop shop” for weddings — is about 60 percent complete. “It’s moving along,” …

Mar 2018

Building on a City’s History

“Across from Philipse Manor Hall, a landmark from the city’s 17th-century Dutch settlement, a row of 19th century buildings will be restored against a backdrop of towering new construction, as public and private partners continue to add workforce housing in a delicate balance with historic preservation in downtown Yonkers. L+M Development Partners Inc., a Larchmont-based …

Mar 2018

Lafayette’s Restoration a Triumph

“Layer upon layer of paint, including pink neon, had to be scraped off to uncover mahogany wainscoting. It took days of cleaning with Q-tips to reveal the pastoral scene in a blackened, late 19th century oil painting. In the Crystal Ballroom, workers laid 50,000 tiles imported from Turkey to replicate the original floor. A coat …

Mar 2018

Affordable Housing Units to be Built Following $7.95 Million Deal

“The Community Preservation Corporation (CPC), Jonah Mandelbaum, and Occupations, Inc. announced today the closing of a $7.95 million loan to develop Sunrise Apartments, a 79-unit complex in the Scotchtown section of the Town of Wallkill. The complex will house families and individuals with developmental and physical disabilities, and provide access to support and employment services …

Mar 2018

Liberty Gardens Breaks Ground on New Community Center

“Liberty Gardens, a 180-unit housing project, has stood for 60 years as one of the main public housing centers in the city. During a groundbreaking ceremony on Monday morning, a host of local elected officials gathered to dedicate a new community center in the complex to Edward W. Corr, the treasurer of the Rome Housing …

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