Tag: Commercial Real Estate
tuesday july 3rd 2007
Back on the Market- 46 Allen
Neo announcing a move off of Allen Street is surprising. 46 Allen back on the market is not. Six months after purchasing the property last December for $73,000, Vito Pombano has the property listed at $275,000. Allentown property values are skyrocketing!
When purchased, the new owner was reportedly planning to restore the former rooming house into apartments. While a dumpster signaled some work was underway, the tired-looking exterior hasn’t changed much in the past six months.
Today, Hunt Commercial is advertising the building as a “2,704 SF completely renovated office building. Four offices available, 190 SF / 290 SF / 350 SF / 640 SF. All offices include kitchenettes. 700 SF vacant apartment. Perfect building for an owner-user.”
Last September when the property first came on the market I claimed it was exciting to see …
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monday july 2nd 2007
Trico and M.Wile Properties For Sale
Eight properties owned by the estate of the late Stephen McGarvey are in play and are already drawing interest. Buffalo Niagara Medical Campus officials are looking to buy the former Trico and M.Wile factories. The buildings, including a vast surface parking lot on Ellicott Street, are up for grabs as a package or piecemeal. McGarvey’s properties are geing sold under the watchful eyes of a Pennsylvania banktruptcy court.
Erie, PA-based McGarvey purchased the sprawling Trico Plant in 1999 and the adjacent former M. Wile factory in 2000. He promptly announced ambitious plans to convert both properties into mixed-use commercial space. Dubbed Century Centre I & II, work began on renovations to the M. Wile building but stalled after the developer ran into financial difficulties including potential foreclosure due to unpaid property taxes.
friday june 22nd 2007
Progress Made in Filling Main Place and Liberty
Michelle Mazzone has a challenging job- she has been retained to help reposition and refill the Main Place and Liberty Building properties in the center of downtown. Good news: she is making progress. Two law firms have recently committed to leases in the Liberty Building to occupy 26,000 sq.ft. of space. ‘Several’ other office deals are pending and there are preliminary plans to address the retail space in the properties.
wednesday june 13th 2007
Redevelopment Opportunity: The Slotkin Building
This great commercial building has recently been listed with Hunt Commercial. The Slotkin Building is a quaint 5,550 sq.ft. on two floors plus a usable 2,000 sq.ft. basement. It is said to need extensive work throughout, particularly the second floor, but the ground floor is built-out as office space. Know where it is? Answer after the jump.
tuesday june 5th 2007
Feds Buy 120 Delaware Avenue
For the second time in less than a week, a Niagara Square area property has changed hands for a million dollars or more. Last Friday, Bashar Issa purchased the parking lot where he anticipates constructing the City Tower project. Yesterday it was your tax dollars doing the buying.
The General Services Administration purchased 108 Delaware Avenue and adjacent 95 Niagara Street for $1.45 million. The properties were purchased from One Twenty Delaware Inc. and will be cleared to prepare for construction of the new federal courthouse.
