Alden
Real Estate
North Aud block developer gets $2.5M from New York State
BUFFALO, N.Y. — Last April, Empire State Development awarded the development rights of the North Aud block at Canalside to the firms Pennrose, MSquared and WEDI. The $160M project aims to bring 360 housing units, retail space, and an underground parking garage to the site of the former Memorial Auditorium.
Free Pizza When You Purchase This Buffalo House
The housing market is getting crazy out there, and if you are in the market for selling your home, you have to do what you can to make your property stand out among the rest. One house threw in an extra perk to their recent “for sale” listing, and it’s quickly catching everyone’s attention in Western New York.
Getzville Apartment Sale Sets New Record in Western New York
The sale of a Getzville area apartment complex has set a new, local benchmark for “sale per unit” investment transactions. According to documents filed April 30 in the Erie County Clerk's office, investors 11 Sean Riley Ct LLC paid $4.9 million for the 24-unit Millersport Gardens Apartments. The deal works out to $204,166 per unit or nearly 123% more than the regional “per unit” sale price of $91,701, as tracked by CBRE Upstate NY.
Vacant Medical Building Sells for $200,000 in Western New York
A former medical office-anchored building in the Town of Tonawanda may soon find new life as a mixed-use property. Investors Ty Development Inc. paid $200,000 for the vacant building at 4080 Delaware Ave., with plans to renovate and revitalize the property. Ty Development closed on the deal on April 24,...
Dozens of New Homes To Be Built In East Buffalo and Cheektowaga
The wheels of progress seem to be rolling in New York State's second-largest city after the announcement of a partnership between several government agencies that will lead to the creation of nearly 100 newly built homes in Buffalo and Cheektowaga. It's been well-known for many years that Buffalo has had...
Warehouse Sells for $3.175 Million in Buffalo, New York
The sale of a fully leased warehouse/distribution center serves as a snapshot of the continued rising value of certain commercial real estate properties in the Buffalo Niagara region. Investors ES 1930 Military Rd LLC paid $3.175 million for a 34,499-square-foot building at 1930 Military Rd., Town of Tonawanda, according to...
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