Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.

Newhouse Foundation to donate $75 million to Syracuse University’s Newhouse School
SYRACUSE, N.Y. — The Samuel I. Newhouse Foundation has announced its plan to pledge $75 million to Syracuse University’s S.I. Newhouse School of Public Communications.

Delta Engineers acquires Terrestrial Environmental Specialists, opens new office in DeWitt
ENDWELL, N.Y. — Delta Engineers, Architects, & Land Surveyors, DPC (Delta) announced it has acquired Terrestrial Environmental Specialists, Inc (TES) in a deal that became

Teams pitch their products in Medical Device Innovation Challenge
SYRACUSE, N.Y. — Six medical-device startup companies are hoping to win some funding after making their product pitches at the Medical Device Innovation Challenge. The

Stevens Office Interiors and parent company rebrand as Intivity
DeWITT, N.Y. — Stevens Office Interiors of DeWitt, which was acquired by a Rochester–area company nearly two years ago, is finally getting a new name.

Binghamton’s Stenger applauds Cuomo’s proposed Excelsior threshold increase
VESTAL, N.Y. — A proposed increase in the eligibility threshold for the Excelsior scholarship has received a thumbs up from Binghamton University President Harvey Stenger.

What channel is the Syracuse basketball game on at Virginia?
SYRACUSE, N.Y. — Syracuse basketball (8-7, 1-3 ACC) seeks to snap a two-game losing streak when it visits the No. 18 Virginia Cavaliers (11-3, 3-1
Syracuse one-bedroom apartment rent prices declined 10 percent in the last year
The median rental price for most apartments in the Syracuse metro area fell 10 percent in the past year. That’s according to the January 2020 national rent report from Zumper, an apartment-rental listings website. The median rental price of one-bedroom apartments in the Syracuse region declined 10 percent to $810 in the last 12 months,
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
The median rental price for most apartments in the Syracuse metro area fell 10 percent in the past year.
That’s according to the January 2020 national rent report from Zumper, an apartment-rental listings website.
The median rental price of one-bedroom apartments in the Syracuse region declined 10 percent to $810 in the last 12 months, while rental rates for two-bedroom units increased 4.2 percent to $1,000.
Syracuse now ranks tied for the 77th most expensive rental market in the nation.
The Zumper National Rent Report analyzes rental data from more than 1 million active listings across the U.S. The company aggregates the data on a monthly basis to calculate median asking rents for the top 100 metro areas by population.
In comparison, the median rental price in Rochester increased 10.7 percent to $930 for one-bedroom apartments and rose 12.2 percent to $1,100 for two-bedroom units, per Zumper. Rochester ranks tied for the 61st most expensive rental market in the nation.
New York milk production increases 2 percent in November
New York dairy farms produced 1.21 billion pounds of milk in November, up 2 percent from 1.19 billion pounds in the year-prior period, the USDA’s National Agricultural Statistics Service (NASS) recently reported. Production per cow in the state averaged 1,940 pounds in November, up 1.6 percent from 1,910 pounds a year ago. The number of
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
New York dairy farms produced 1.21 billion pounds of milk in November, up 2 percent from 1.19 billion pounds in the year-prior period, the USDA’s National Agricultural Statistics Service (NASS) recently reported.
Production per cow in the state averaged 1,940 pounds in November, up 1.6 percent from 1,910 pounds a year ago.
The number of milk cows on farms in New York state totaled 626,000 head in November, up 0.5 percent from 623,000 head in November 2018, NASS reported.
On the milk-price side, New York farmers in October were paid an average of $19.70 per hundredweight, up 30 cents from September, and up $1.60 from October 2018.
In neighboring Pennsylvania, dairy farms produced 808 million pounds of milk in November, down 1.3 percent from 819 million pounds a year earlier, according to the USDA.

Mohawk Valley Association of Realtors names 2020 board members
UTICA — The Mohawk Valley Association of Realtors (MVAR) announced it has named its 2020 MVAR board of directors and Mid New York Regional MLS board of managers. The MVAR board members for 2020 are: President: Amanda Reinfelds, Coldwell Banker Faith Properties; President-Elect: Calvin Lyon, Pondra’s Homes & Hearth Realty; Treasurer: David Paciello, One Realty
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
UTICA — The Mohawk Valley Association of Realtors (MVAR) announced it has named its 2020 MVAR board of directors and Mid New York Regional MLS board of managers.
The MVAR board members for 2020 are: President: Amanda Reinfelds, Coldwell Banker Faith Properties; President-Elect: Calvin Lyon, Pondra’s Homes & Hearth Realty; Treasurer: David Paciello, One Realty Partners; Secretary: Natalie Roth, Benn Realty, LLC (newly elected); Art VanVechten, Berkshire Hathaway Home Services CNY Realty; Lisa Kowalczyk, Assist 2 Sell Buyers & Sellers 1st Choice (newly elected); Immediate Past-President: Diana Raymond, Coldwell Banker Prime Properties.
The MLS Board of Managers for 2020 are: President: Melissa Paquette, Coldwell Banker Prime Properties; President-Elect: Keith Vincelette, Coldwell Banker Faith Properties; Secretary/Treasurer: Nicholas Manwcari, Hunt Real Estate ERA; Jay Groah, Better Homes and Gardens RE Select; Michael Stoquert, Berkshire Hathaway Home Services CNY Realty (newly elected); Wendy Palinski, Flagstone Real Estate (newly elected); Joelle Sebastian-Dean, Weichert Realtors Premier Properties (newly elected).
Onondaga County hotel occupancy rate increases almost 3 percent in November
SYRACUSE — Hotels in Onondaga County welcomed more guests in November than in the year-prior month, while room revenue also increased, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 2.7 percent to 51.3 percent in November, according to STR, a Tennessee–based hotel
Become a Central New York Business Journal subscriber and get immediate access to all of our subscriber-only content and much more.
Click here to purchase a paywall bypass link for this article.
SYRACUSE — Hotels in Onondaga County welcomed more guests in November than in the year-prior month, while room revenue also increased, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county rose 2.7 percent to 51.3 percent in November, according to STR, a Tennessee–based hotel market data and analytics company. Year to date, through November, hotel occupancy in the county was down 4 percent to 58.3 percent.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, increased 5.1 percent to $49.71 in November. Through the first 11 months of 2019, the county’s RevPar fell 3 percent to $60.69.
Average daily rate (or ADR), which represents the average rental rate for a sold room, gained 2.3 percent to $96.85 in November. Year to date, Onondaga County’s ADR was up 1 percent to $104.13.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.