U P s t A t e n e W Y o R Kup

A sUPPLeMent oF neW YoRK ReAL estAte JoURnAL

tHe LARGest WeeKLY coMMeRciAL/inVestMent neWsPAPeR coVeRinG tHe stAte

Hi-LigHtsOctober 23 - 29, 2007

28 pages

Calamar to build 110-unit senior housing facility - $6m projectConstruction will begin on The Woodlands Senior Apartments in Wheatfield. The project, lo-cated in Woodlands Corporate Center East, will be managed by People, Inc. see page 2b

Charter Real estate brokers two sales totaling $2.59 millionAnita Bruckner of Charter com-pleted the two transactions. Deals include the $2.27 million sale of the 77-home Parkview Estates and the $320,000 sale of Tuscarora Village. see page 6b

section b

oct

featuRing

syracuse spotLigHt

fOR a 38,000 s/f shOpping CtR. with a niChOls’ shOp ‘n save

curley and ehmann of cBc prime props. closes $3.4 million sale

3.23.2OVER

OVER

Northeast’s number website for commercial/investment real estate

Northeast’s number website for commercial/investment real estate

featuRing

project of tHe montH:tHe Bradford apartment compLex

Raghavan Of vijay RealtORs Reps. the selleR; pROpeRty designed by aRChiteCt seveRinO

rao of nycrg completes $3.15 million sale of a 16,000 s/f mixed-use building

hawthORne, ny Frank Rao of New York Commercial Realty Group’s (NYCRG) sales division closed a

deal at 140 Old Sawmill River Rd. for $3.15 million. The two-story mixed-use building classified as an office business park type, which was designed by renowned archi-tect Reanto Severino, is 16,000 s/f and sits on 1.28 acres overlooking Rte. 9A.

The main warehouse section is 4,700 s/f with 22’ ceilings and has a 1,000 s/f section connected to it. The main headquarters is 5,100 s/f and consists of a recep-tion area, office space, individual offices with terraces, a conference room, kitchen and a dining lounge. The remaining 5,000 s/f section was used as a biotech lab. Vijay Raghavan of Vijay Realtors Inc. represented Gene Link, the seller of the building.

Michael Rao, principal at NYCRG said, “Being able to have a commercial deal in contract within the first couple of months in a corporate environment is usually unheard of since the first year is dedicated to training.”

frank Rao

140 Old sawmill River Rd., hawthorne

vOORheesville, ny According to Coldwell Banker Commercial Prime Properties, the company

completed the $3.4 million sale of a 38,000 s/f shopping center on 5 Maple Rd.

According to Todd Curley, a broker at Coldwell Banker, the shopping plaza includes a Nichols’

Shop ‘n Save, Key Bank and five smaller tenants. Curley represented Maple TOV LLC, a private Brook-lyn investment group that purchased the property.

Paul Ehmann of Coldwell Banker represented the seller, 5 Maple Rd. Realty Co. The private deal shortly after the purchase of the Nichols Shop ‘n Save by Han-naford Bros.

Nichols’ Shop ‘N Save was previously owned by Kevin

Smith, who also recently sold a West Sand Lake supermarket to Hannaford.

“The sale of the shopping center was unrelated to the sale of the supermarket,” Curley said. “The Brooklyn investors signed the purchase contract eight months ago.”

“They’re looking for investments in upstate New York,” Curley said. “They’ve acquired other properties in the region.”

todd Curley

paul ehmann

5 Maple Rd., voorheesville