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Construction, Design & Real Estate

Syracuse one-bedroom apartment rent prices rise 2 percent in June, but remain flat year over year

SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area was up more than 2 percent in June from the prior month but was unchanged from a year ago. That’s according to the latest Zumper National Rent Report, issued on June 27. The median rental price of one-bedroom apartments in […]

Broome County hotel occupancy rises slightly in May, other business indicators up strongly

BINGHAMTON, N.Y. — Broome County hotels registered a small increase in guests in May compared to the year-earlier month, while two other business indicators rose much more substantially. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county edged up 0.5 percent to 62.8 percent in the fifth month of this

Recapping the Downtown Committee annual meeting

SYRACUSE, N.Y. — During the 2022-2023 fiscal year, the downtown area of Syracuse had a total of 20 projects worth more than $180 million in downtown investment that created seven new Class A office headquarters. In addition, the activity included more than 135 new housing units along with enhanced public infrastructure and tourism amenities.  The

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New York home sales slide more than 20 percent in May

ALBANY, N.Y. — New York realtors closed on the sale of 8,819 previously owned homes in May, down 20.4 percent from 11,075 existing homes sold in the state in the year-prior month. Pending sales also declined more than 4 percent, foreshadowing further but smaller declines in closed home sales in the next couple of months.

Wolfspeed secures financing for expansion efforts

MARCY, N.Y. — Silicon-carbide technology company Wolfspeed, Inc., (NYSE: WOLF) recently announced it has secured $1.25 billion in financing, with an accordion feature for up to an additional $750 million, from an investment group led by Apollo (NYSE: APO). The financing supports Wolfspeed’s efforts to ramp up production and expand as it works toward a

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