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Friday, July 30, 2010
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Thompson & Johnson buys new facility

 

Syracuse-based Thompson & Johnson purchased a new 10,000-square-foot facility to house its Binghamton retail and service location.

Holding company Carejon Realty, LLC purchased the building at 15 Corporate Drive on March 15 for $305,000 from Michael Jimenez, according to Broome County's real-property records.


State approves housing grants

 

New York's major housing agencies and the Division of Housing and Community Renewal held their first joint board meeting Thursday and approved a grant for a Lewis County project.

Snow Belt Housing Co., Inc. received a $300,000 grant to finance home improvements at 32 homes in Lewis County. Snow Belt is a housing nonprofit based in Lowville.


Pyrotek closes on Monarch building

 

Pyrotek, Inc. has closed on its purchase of the 140,000-square-foot Monarch Machine Tool facility in Cortlandville.

The $3.3 million deal includes the purchase of the building and some associated costs for moving and renovation. Pyrotek will bring about 50 jobs to the facility and as many as 70 more over the next year to three years, according to the Cortland County Business Development Corporation-Industrial Development Agency (BDC-IDA).


DiNapoli report says housing downturn still impacts New York

 

Even though New York has fared better than most states, housing-market conditions continue to threaten homeowners with foreclosures and reduced home values.

That's the finding in a new report New York State Comptroller Thomas DiNapoli released today.


Housing group announces Utica project

 

Housing Visions, the city of Utica, and the New York State Division of Housing & Community Renewal today announced a new housing project with 37 units for low- and moderate-income families.

Housing Visions, a Syracuse-based housing nonprofit, acquired 10 properties within the 1200 and 1400 blocks of Kemble Street, 100 block of Hobart Street., and 700 block of Noyes Street for the homes. Housing Visions will rehabilitate four buildings, demolish three buildings, and construct four new buildings.



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