Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Nob Hill Apartments complex sells for $58.5M
SYRACUSE — The Nob Hill Apartments, one of the largest apartment complexes in the region, was recently sold for $58.5 million. Sinatra & Company Real Estate of Buffalo bought the 761-unit multifamily complex, located at 100 Lafayette Road in Syracuse, in a joint venture with Santa Monica, California–based hotel management and development company, Windsor Capital Group, […]
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 — The Nob Hill Apartments, one of the largest apartment complexes in the region, was recently sold for $58.5 million.
Sinatra & Company Real Estate of Buffalo bought the 761-unit multifamily complex, located at 100 Lafayette Road in Syracuse, in a joint venture with Santa Monica, California–based hotel management and development company, Windsor Capital Group, and a minority equity investment from Basalt Capital LLC, a real-estate investment and advisory firm. The seller was Nob Hill of Syracuse Apartments LLC.
Pyramid Brokerage Company’s Robert W. Scherreik and John L. Clark, along with Cushman & Wakefield’s East Rutherford–based Capital Markets Group team of Andrew Merin, David Bernhaut, Gary Gabriel, Brian Whitmer, and Ryan Dowd procured the buyer and represented the seller in the transaction, the real-estate firm said in a release.
The new owners plan to implement a renovation and updating initiative.
“This premier residential asset is well-situated in a town that has seen compelling growth in the education and medical sectors that have benefited the community,” Scherreik said in the release. “The multifamily market in Syracuse remains on solid footing and is highly desirable to investors. Nob Hill demonstrates the strength of these market fundamentals as evidenced by consistent historically strong occupancy rates,” added Whitmer.
Set on 27.6 acres and offering a mix of one-, two- and three-bedroom apartments, Nob Hill includes four mid-rise apartment buildings, a free-standing clubhouse, and an indoor parking garage. Each building features a first-floor community room, storage space for each apartment, and laundry facilities on all the upper floors. On-site amenities include a fitness center, a playground, a picnic area, fire pits, and a large outdoor swimming pool with sundeck, the release noted.
$13M project to replace State Route 37B bridge in Massena wraps up
MASSENA — New York Gov. Andrew M. Cuomo recently announced the completion of a $13 million project that replaced the bridge carrying State Route 37B (Parker Avenue) over the Grasse River in the village of Massena in St. Lawrence County. The project, which began in the summer of 2016, replaced an “aging bridge with a
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.
MASSENA — New York Gov. Andrew M. Cuomo recently announced the completion of a $13 million project that replaced the bridge carrying State Route 37B (Parker Avenue) over the Grasse River in the village of Massena in St. Lawrence County.
The project, which began in the summer of 2016, replaced an “aging bridge with a new structure that provides enhanced transportation and safety features,” the governor’s office said in a news release. The road includes a new roundabout to accommodate the movement of traffic, as well as “green space to enhance the community gateway.”
Construction crews began their work around the Main and Maple Street intersection, crossed the Grasse River, and ended around the Parker Avenue and East Orvis Street intersection. The new, two-lane bridge reconstructed highway approaches, added a roundabout, improved drainage, and added a pedestrian walkway.
”This new bridge, which is the single largest investment the Department of Transportation has made in Massena in many years, will help provide a pathway not only for transportation, but [also] for future economic growth in the North Country,” New York State Department of Transportation Acting Commissioner Paul A. Karas said in the release.
State Assemblywoman Addie A.E. Jenne (D–Theresa) added, “The completion of the bridge is long awaited and bodes well for the village’s future. Solid infrastructure and a strong sense of community have always been synonymous with Massena. As the community continues to rely on its long-standing industry and expands its tourism and recreational sectors, this bridge will help ensure the success of both.”
The completion of this project builds on other recent enhancements in Massena, including a $1.57 million project to pave 5.5 centerline miles from Route 56 to Route 131, as well as a $226,000 project to pave 1.4 center line miles on Andrews Street (Route 970C), the governor’s office said.
Virtual reality center expands at Destiny USA
SYRACUSE — The virtual world is expanding. Cuse VR is moving into larger space on the third level of the Canyon area in Destiny USA, across from Margaritaville. Prior to the move, the business operated as free-standing unit on the third level outside of Dave & Buster’s. Cuse VR has more than 15 virtual-reality experiences
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 — The virtual world is expanding. Cuse VR is moving into larger space on the third level of the Canyon area in Destiny USA, across from Margaritaville.
Prior to the move, the business operated as free-standing unit on the third level outside of Dave & Buster’s.
Cuse VR has more than 15 virtual-reality experiences to choose from, with no age or height requirements, according to a news release from Destiny. In its new 1,000-square-foot space, Cuse VR plans to add virtual reality rooms — self-contained areas with technology to deliver an enhanced multimedia virtual reality experience, the release said.
“Being able to sit or stand and have your mind believe you are doing something completely different is really what makes virtual reality so unique,” said Eric Taetsch, partner at Cuse VR. “We look forward to adding more unique adventures and simulators that will allow us to give our customers even more reasons to come back.”
Citywide Pharmacy leases space on East Molloy Road
DeWITT — Citywide Pharmacy recently leased 8,210 square feet of office service space in the building at 6295 East Molloy Road in the town of DeWitt. Cory LaDuke from Cushman & Wakefield/Pyramid Brokerage Company represented the tenant in this lease transaction, the real-estate firm said in a news release. Financial terms were not disclosed. Oliva
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.
DeWITT — Citywide Pharmacy recently leased 8,210 square feet of office service space in the building at 6295 East Molloy Road in the town of DeWitt.
Cory LaDuke from Cushman & Wakefield/Pyramid Brokerage Company represented the tenant in this lease transaction, the real-estate firm said in a news release. Financial terms were not disclosed.
Oliva Properties Co. owns the one story, 28,000-square-foot building at 6295 E. Molloy Road, according to Onondaga County’s online property records. The property is assessed at just over $630,000 for 2018. The building was constructed in 1975.
Culture Change Should Start with System Change
A business’s culture is often considered its bedrock. However, few really understand how culture forms and therefore struggle to know how to correct it when it seems to be straying. Culture is created from beliefs of employees about how things work. These beliefs are formed through daily behaviors and the response to these actions, and
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.
A business’s culture is often considered its bedrock. However, few really understand how culture forms and therefore struggle to know how to correct it when it seems to be straying.
Culture is created from beliefs of employees about how things work. These beliefs are formed through daily behaviors and the response to these actions, and employee behaviors are typically defined or supported by the systems, human and technical, conscious and unconscious, embedded in the organization. So when change is desired, there are three points of entry, but only one can make a difference.
Leadership typically and unfortunately starts from what they perceive is the easiest but is actually the most complex — employee beliefs. The most common ways you’ve probably seen are by handing down edicts where employees are told to do or not do something new or different. Posters, catchphrases, and new mission statements often appear in an effort to motivate or inspire. Unfortunately these commands, words, and billboards are routinely dismissed and/or mocked as toothless reminders of corporate paternalism. However, this approach isn’t done in isolation, it is typically coupled with another point of entry, behaviors.
Directly addressing employee behaviors is a next-level-up effort, but again will often fall short of lasting change. Behavior change is driven by training and/or incentive programs to bring about new attitudes and actions or remove unwanted ones. These efforts only work temporarily because they are left unsupported by management and incentives are rarely made permanent. When both evaporate, employee behavior returns to status quo. These approaches are commonly used by leadership because they will see fast but sadly only temporary change.
The final entry point is the only one that doesn’t directly target employees and is the path rarely taken because it can shake the organization’s landscape. Systems change is indirect behavior change and it is the element in an organization that has the greatest influence on the previous two. Systems-change efforts can be catalytic mechanisms because of the far-reaching and sometimes unexpected transformation they bring. It is a scary proposition for the status quo but ultimately it is the systems that drive behaviors and behaviors are what create beliefs, and the beliefs form the culture.
Take for example the strong desire today to remain competitive through innovation. We need not look much further than an organization’s intertwined systems of communication and trust for the change. Trust takes on different forms based on communication beliefs. When communication is closed and only top-down, managers direct and employees act. Managers subsequently trust only those that comply and employees trust that if they comply, they will be rewarded (or not punished). This is how a culture of compliance is born; the system of communication supports compliant behaviors and leads to a belief about what matters most in the organization. Compliance is easy and clean but hardly advances the business. If, however, we have an open communication system where managers trust employees to be autonomous and do what is necessary and get what they need, we then create environments where networks thrive and information moves uninhibited. This is fertile soil for high retention, creativity and innovation.
Systems, behaviors, beliefs. Where does your organization begin change efforts? Is it working?
Mark Britz is a workforce-performance strategist who has launched ThruWork (ThruWork.com), a talent-development consultancy for small to mid-sized businesses. The company specializes in solving organizational performance problems and focuses on non-training approaches to scale employee performance. Contact Britz at (315) 552-0538 or email: mark@thruwork.com or check out @Britz on Twitter.
My office received several calls regarding Gov. Andrew Cuomo’s recent “conditional” pardons of more than 24,000 convicted felons who are currently on parole. The calls were prompted because it became known that at least 77 sexual predators were among the 24,000 felons who received conditional pardons. Further, although unrelated to the 24,000 “conditional” pardons, the governor
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.
My office received several calls regarding Gov. Andrew Cuomo’s recent “conditional” pardons of more than 24,000 convicted felons who are currently on parole. The calls were prompted because it became known that at least 77 sexual predators were among the 24,000 felons who received conditional pardons. Further, although unrelated to the 24,000 “conditional” pardons, the governor also fully pardoned seven illegal immigrants who were facing potential deportation because of crimes they had committed while in the U.S.
Everyone who reached out to my office was opposed to the pardons, however, there is confusion as to who is being pardoned, why they are being pardoned, and what the pardons mean. Accordingly, the following is an attempt to try to explain the power the governor has to grant pardons and how, in these latest cases, his exercise of this power differs from how pardon power traditionally has been used.
Pursuant to Article IV, §4 of the New York State Constitution, the governor seemingly has the broad power to grant reprieves, commutations, and pardons. This power, in a more general sense, is known as clemency power and the federal government and all 50 states have some sort of clemency power enshrined in each of their respective constitutions. A pardon is the broadest power of clemency and it has been defined as the official nullification of punishment or other legal consequence of a crime. Clemency power in American law has its roots, like much of our legal system, in English law. It likely came from the idea that because English monarchs had the absolute control over the power of punishment, they also had the power to remit punishment as an act of mercy. After the American Revolution, the power of clemency, for the most part, was vested in the state’s chief executive officer, aka the governor, and in the case of the federal government, the president. Clemency was seen as sort of a last chance of mercy particularly when an injustice had occurred in the criminal justice process.
Today, clemency has been granted for several reasons, among those being: to correct unduly severe sentences; for mitigating circumstances; for innocence or dubious guilt; to restore civil rights; and for services to the state. In New York, there is an Executive Clemency Bureau where those seeking a pardon can apply for clemency. The bureau sends the applications to the governor for his consideration. For the most part, pardons have been granted on a case-by-case basis when the governor feels justice will be served by granting clemency.
The recent “conditional” pardons of the 24,000 parolees is a substantial break from tradition in that the pardons are not made on a case-by-case basis but rather granted wholesale in an effort to achieve a policy goal that apparently the governor believes cannot be accomplished legislatively. Pursuant to state election law, no person convicted of a felony can vote until he or she has served their prison sentence and has been discharged from parole. The governor believes that parolees should have the right to vote. However, instead of trying to change the law in a traditional way, i.e., by convincing the public and legislators that this is good public policy and the law should be changed, he, instead, unilaterally granted more than 24,000 parolees “conditional” pardons granting them the right to vote.
Perhaps the governor realized that trying to change the law legislatively would be a tough sell. He may understand that the public might question why various convicted felons who have been released from prison by a governor-appointed parole board should now also be granted one of the most sacred rights in our country — the right to vote. One beneficiary of the governor’s pardon is Herman Bell, who was granted parole over the objection of many in law enforcement and his victims’ families. Bell was convicted after luring two NYPD officers to a housing project and shooting them from behind after they begged for their lives. Another beneficiary is Hector Aviles, known as the voodoo rapist, who sexually assaulted three victims, the oldest of whom was 16. Indeed, the public might question why 77 sexual predators deemed too dangerous to be returned to the community and are subject to civil confinement are now being granted the right to vote by the unilateral largesse of the governor.
The governor’s power to grant clemency is a broad power and not subject to checks from the other branches of government. For these reasons, it should be used sparely and in the course of furthering justice. Using it to set policy, as is the case with these pardons, is a terrible precedent that should be strongly pushed back against by the public and by the legislature. If you have any questions or comments regarding this or any other state issue, please contact me.
William (Will) A. Barclay is the Republican representative of the 120th New York Assembly District, which encompasses most of Oswego County, including the cities of Oswego and Fulton, as well as the town of Lysander in Onondaga County and town of Ellisburg in Jefferson County. Contact him at barclaw@assembly.state.ny.us; (315) 598-5185; or friend him on Facebook.
ANCA awarded $248K grant for Center for Businesses in Transition
SARANAC LAKE — North Country business owners seeking to retire or transition to different ownership models will soon have a new program to help support their business goals. The Adirondack North Country Association (ANCA), a regional nonprofit, announced it will be awarded a $248,364 grant from the Northern Border Regional Commission (NBRC) to fund its
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.
SARANAC LAKE — North Country business owners seeking to retire or transition to different ownership models will soon have a new program to help support their business goals. The Adirondack North Country Association (ANCA), a regional nonprofit, announced it will be awarded a $248,364 grant from the Northern Border Regional Commission (NBRC) to fund its new Adirondack North Country Center for Businesses in Transition.
The new center will help retiring business owners as well as aspiring entrepreneurs in “successfully sustaining local businesses for the benefit of their communities and future generations,” ANCA said in a news release. The center will be based out of ANCA’s Saranac Lake office and will utilize staff and resource partners to reach business owners throughout the Adirondack North Country region.
“ANCA is thrilled with this award,” Kate Fish the association’s executive director, said in the release. “We recently conducted an in-depth analysis of the economy of the region which revealed that over 10,000 businesses are in danger of closing down as Baby Boomer owners retire without clear strategies to transition their businesses to new ownership. The funds from the Northern Border Regional Commission support our work in helping keep these businesses going. They are crucial to our communities in terms of jobs, the services they provide and the vitality of main streets.”
The main objectives of the center’s efforts are to engage retiring and up-and-coming business owners by connecting them with resources and networks and assisting with business-transition planning. In its first three years, the program seeks to identify at least 4,800 businesses for succession-planning outreach, assist 240 businesses in developing transition strategies, and help 50 entrepreneurs plan for taking over an existing business.
The grant funding will support one full-time coordinator and three part-time community liaisons, who will conduct “boots-on-the-ground outreach,” the release noted. ANCA staff will collaborate closely with public, private and nonprofit partners to identify businesses in need and connect them to appropriate resources and/or matchmaking with entrepreneurs.
NBRC is a federal-state partnership for economic and community development within the most distressed counties of Maine, New Hampshire, Vermont, and New York.
Some recent tweets that came across the @cnybj Twitter feed, offering various small business, marketing, tech/social media, HR, career, and personal tips. SBA @SBAgovIn a rising interest rate environment, there are certain strategies to consider for your #smallbusiness that can cut your tax bill http://ow.ly/kB4p30lhHml NFIB New York @nfib_nyHigh workers’ comp costs continue to be
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.
Some recent tweets that came across the @cnybj Twitter feed, offering various small business, marketing, tech/social media, HR, career, and personal tips.
SBA @SBAgov
In a rising interest rate environment, there are certain strategies to consider for your #smallbusiness that can cut your tax bill http://ow.ly/kB4p30lhHml
NFIB New York @nfib_ny
High workers’ comp costs continue to be a challenge in New York but 2017’s bipartisan reform effort is starting to reduce costs across the system. This is positive news for small businesses and taxpayers: Read NFIB’s statement from yesterday: http://bit.ly/2NVgNT3
NY State of Health @NYStateofHealth
Attention small business owners: You may qualify for tax credits that can put money back into your pocket! Learn more about the benefits of enrolling your employees in a health plan through the Small Business Marketplace: http://on.ny.gov/2MeKP2H #SmallBiz #NY
NYS Society of CPAs @nysscpa
IRS Releases Proposed Guidance on 100 Percent Depreciation – https://www.nysscpa.org/news/publications/the-trusted-professional/article/irs-releases-proposed-guidance-on-100-percent-depreciation-080618 …
Allen Ruddock @AllenRuddock
Want more followers – follow this easy 6 step process http://dld.bz/dUUaJ #smallbiz #marketing
PwC @PwC
Hyper-connectivity has a major impact on workplace communications and can create inefficiencies. Could adding a dose of formality help? Read more here. https://pwc.to/2LMKfMG @Miles_Everson
Dave Ulrich @dave_ulrich
Learn from criticism. Criticism is a gift of improvement. We learn by asking others what they think and how things might have worked. You can hear criticism and choose whether or not to act upon it. #Growth #HR
Mitch Mitchell @Mitch_M
Give Self Employment A Try http://www.topfinanceblog.com/work-for-yourself/ … #selfemployment #consulting
Hannah Morgan @careersherpa
Referrals are the top choice of recruiters and hiring managers! Here’s How To Get Referred For A Job https://buff.ly/2LP54Z3
Mark C. Crowley @MarkCCrowley
When it comes time for you to ask questions during a job interview, inquire about the company’s #values & #culture. Be on the lookout to see how quickly your interviewer is able to respond & whether what you hear inspires you to want to work there.
HHS.gov @HHSGov
Get active, eat healthy, stay hydrated and wear sunscreen: Follow these six siple tips to have a healthy summer! http://bit.ly/2LHIQHx
Wendy Weir @WWeirRelocation
20 Do’s and Don’ts of Buying New Construction: https://buff.ly/2HZnXC0
Lucy Froud @lucyfroud1
Regular exercise improves memory, thinking skills & releases all those feel good endorphins! If you have a big week coming up I am challenging you to exercise and you will see such a difference in your attitude…thank me later!
MoneyStrands @MoneyStrands
Real Estate – Is It a Good Choice for Retirement Income? Find out here: https://bit.ly/2v4lguG
New York milk production rises 1.4 percent in June
New York dairy farms produced 1.27 billion pounds of milk in June, up 1.4 percent from 1.25 billion pounds in the year-ago period, the USDA’s National Agricultural Statistics Service recently reported. Production per cow in the state averaged 2,040 pounds in June, up 1.5 percent from 2,010 pounds in June 2017. The number of milk
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 1.27 billion pounds of milk in June, up 1.4 percent from 1.25 billion pounds in the year-ago period, the USDA’s National Agricultural Statistics Service recently reported.
Production per cow in the state averaged 2,040 pounds in June, up 1.5 percent from 2,010 pounds in June 2017. The number of milk cows on farms in New York state totaled 623,000 head in June, off slightly from 624,000 a year before, the USDA said.
The average milk price received by New York dairy farmers in May was $16.40 per hundredweight, up 30 cents from April, but down 50 cents from May 2017.
In neighboring Pennsylvania, dairy farms produced 904 million pounds of milk in June, down 0.2 percent from 906 million eggs in June 2017.
New York egg production drops more than 5 percent in June
New York farms produced 132 million eggs in June, down 5.2 percent from 139.3 million eggs in the year-ago period, the USDA National Agricultural Statistics Service recently reported. The total number of layers in the Empire State fell nearly 7 percent to 5.31 million eggs this June from 5.7 million eggs in June 2017. New
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 farms produced 132 million eggs in June, down 5.2 percent from 139.3 million eggs in the year-ago period, the USDA National Agricultural Statistics Service recently reported.
The total number of layers in the Empire State fell nearly 7 percent to 5.31 million eggs this June from 5.7 million eggs in June 2017.
New York egg production per 100 layers totaled 2,427 eggs in June, down 0.7 percent from 2,444 eggs in the year-earlier period.
In neighboring Pennsylvania, egg production edged up 0.3 percent to 670.5 million eggs in June from 668.2 million eggs a year prior, the USDA reported.
Egg production in the U.S. as a whole increased 2.2 percent to 8.83 billion eggs in June from 8.64 billion eggs in the year-ago month.
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.