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The money will aid development of affordable housing, redevelopment of downtown areas, and upgrades to water and sewer systems.
July home sales also declined by more than 50 percent in Onondaga and Broome counties and nearly 30 percent in Oneida County, according to the New York State Association of Realtors (NYSAR). The association released its latest survey on home sales today.
Pietrafesa brokered the $2.65 million, all-cash transaction, which he announced on Friday.
SKANEATELES — A Skaneateles man who operates a scrap-metal business in Tioga County has plans to buy a restaurant that’s considered a Skaneateles landmark.
UTICA — The owner of the Northland Communications building on Court Street never intended to own the building and lowered the asking price after almost two months on the market in hopes of unloading the four-story office building.
CAZENOVIA -- Kurt F. Wendler and Gregory S. Widrick, managing partners of Sphere Development LLC, left their jobs at Syracuse-based mall developer The Pyramid Companies in May 2006 to start their own commercial real-estate firm.
Gov. David A. Paterson signed into law a bill that will increase the availability of rehabilitation tax credits to developers of New York historic structures. The new bill increases the New York Historic Tax Credit to 20 perce
Spending on office buildings, which has dropped 47.5 percent since the September 2008 record-spending high, is nearing a 13-year low, according to the Institute for Trend Research. Permits for new-office construction have dropped 26.7 percent just since last December. Office vacancy rates in the second quarter of 2010 increased to 17.4 percent, the 10th consecutive quarterly rise. Construction of office buildings is projected to close 2010 at nearly 32 percent below 2009.
Another month brought more disappointing news on the pace of hiring. Businesses added fewer jobs than expected in July, and previous estimates of private-sector hiring were revised downward, the U.S. Bureau of Labor Statistics reported today.
Even the most self-assured and stoic among us feel the intensity of the times. The economic recovery seems quite elastic at best. Today’s good news can disappear as quickly as it appeared.
BANKING & FINANCE Wilber National Bank has appointed Kenneth W. Giblin, Jr., to the position of senior mortgage account representative in its Provantage Home Loans division.
Top Ranks Lists The 2010 Book of Lists electronic edition may be downloaded in Excel format. These 62 lists include key business information (when available) such as number of employees, revenue, products/services offered, and top executives for each company.