Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Several real estate and construction projects highlight 2015
SYRACUSE — This year looks much the same as 2014 when it comes to real estate and construction in the Syracuse market, according to the Integra Realty Resources (IRR) 2015 Viewpoint report. However, the area is seeing several bright spots of activity that will show some growth this year. “For the most part, Syracuse […]
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 — This year looks much the same as 2014 when it comes to real estate and construction in the Syracuse market, according to the Integra Realty Resources (IRR) 2015 Viewpoint report. However, the area is seeing several bright spots of activity that will show some growth this year.
“For the most part, Syracuse doesn’t change much,” says William Kimball, senior managing director of IRR’s Syracuse office and current president of the Upstate New York Chapter of the Appraisal Institute. The region typically doesn’t follow the boom-and-bust cycles other areas across the country sees, he says, so there isn’t a lot of change in the real-estate market from year to year.
However, things have improved nominally on both the sales and leasing side of things, Kimball says. “Things are improving.”
Then there are those bright spots — areas of increased activity — that shows promise for the year ahead, he says.
“The biggest thing that’s going on in the area is the Township 5 project,” he says. The 500,000-square-foot retail project by Cameron Group LLC in Camillus is stirring up a lot of activity from businesses new to the market, such as Costco, as well as interest from existing businesses who may want to move to a newer building at a busy location, Kimball says.
That’s especially true with uncertainty surrounding other retail centers in the area. The future of Great Northern Mall, located in Clay and owned by Macerich Co, could be uncertain, Kimball says. The mall lost several large tenants, including Dick’s Sporting Goods, but there is more than just that, he says. The location is not the draw it once was, there is more competition, and the facility has the disadvantage of age. Destiny USA has already done a great deal to draw both tenants and shoppers away from other retail centers, and Township 5 will continue that trend, Kimball says.
Other positive changes are taking place in the region’s office-space sector, he says, where former offices are being redeveloped into apartments. “It takes some of the dead, inactive space off the market,” Kimball notes. With plenty of space available and no new major construction projects in the works, the sector is now more in line with his expectations for it.
One place where there is new activity going on is one particular retail segment — the dollar store. “Where there is a little void of space, a new one pops up,” Kimball says. Over the past year and a half, between 15 and 20 new dollar stores have opened in the region, with Dollar General and Family Dollar as the leading locations. Kimball says he expects the dollar-store trend to continue to flourish in 2015.
On the residential side, the downtown Syracuse area continues to be a bright spot in 2015. Numerous projects to develop apartments have boosted interest in the downtown area. As a result, the vacancy level for the area remains at a very low 2 percent, Kimball says. “That market has legs, and it’s going to continue,” he says. The market is particularly attractive to the younger crowd and “it’s really become cool to be downtown,” he says. In addition, the Township 5 project will contain 96 apartments once complete.
Overall, the IRR report found that the Syracuse market had lower levels of Class A and B office space, as well as lower inventory of multifamily housing. The area’s retail sector is in its second stage of recovery with decreasing vacancy rates; however, new construction and rental-rate growth are still low.
To read the full 2015 Viewpoint report, visit www.irr.com/_FileLibrary/Publication/16/IRR_Viewpoint_2015.pdf.
O’Brien & Gere acquires Long Island engineering firm
Deal boosts the Syracuse firm’s NYC–area workforce to 65 SYRACUSE — O’Brien & Gere has acquired Schuyler Engineering, a Long Island–based firm, in a move to further expand and grow its business in the New York City metropolitan area. The Syracuse–based engineering firm announced the acquisition
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.
Deal boosts the Syracuse firm’s NYC–area workforce to 65
SYRACUSE — O’Brien & Gere has acquired Schuyler Engineering, a Long Island–based firm, in a move to further expand and grow its business in the New York City metropolitan area.
The Syracuse–based engineering firm announced the acquisition in a news release issued March 2. It did not disclose any financial terms of the deal.
The purchase closed on Feb. 13, an O’Brien & Gere spokeswoman said in an email response to an inquiry from CNYBJ.
Schuyler Engineering, headquartered in Lindenhurst on the South Shore of Long Island, describes itself as a “professional consulting firm specializing in the evaluation, engineering, design, permitting, and construction supervision of heating plants, chiller plants, district heating and cooling systems, and cogeneration and power plants.”
On its website, Schuyler Engineering refers to O’Brien & Gere as a “longstanding project partner of Schuyler.”
Schuyler Engineering employs 11 people total, including its partners, the O’Brien & Gere spokeswoman said. The acquisition brings O’Brien & Gere’s employee count in the New York City region to about 65, she added.
Schuyler Engineering has experience in central utility plant and energy-system design with clients throughout the greater New York City/New Jersey area, according to the news release. The firm has also worked on projects at SUNY Albany and SUNY Binghamton, according to a projects list posted on the Schuyler website.
The acquisition supports O’Brien & Gere’s plan to grow its business in the heavily populated Big Apple area and its focus on the design, construction, and commissioning of “resilient” energy and utility infrastructure in “complex” urban environments, the company said.
“New York’s political and business leadership has made it clear that designing and building more innovative, resilient, and efficient energy and utility infrastructure systems is a priority for New Yorkers,” Jim Fox, CEO of O’Brien & Gere, said in the news release. “This investment, together with recent and planned investments in talent and technology in our Upstate New York and New York City offices, supports our vision of becoming the premier provider of solutions within natural and built environments, and emphasizes our continued focus on complex urban energy and water infrastructure.”
Schuyler’s principals, Neil Breen, Kevin Duffy, and Ray Gardner, are joining O’Brien & Gere, according to the Schuyler website. The Long Island firm’s engineering staff members will also stay in their existing roles and continue work on their current projects, but now as part of O’Brien & Gere, the site says.
Breen will manage the Schuyler Engineering office on Long Island, while Duffy and Gardner will serve as “senior managers” in the office, the O’Brien & Gere spokeswoman said.
The acquisition will benefit both Schuyler’s clients and employees, Breen said in the O’Brien & Gere news release.
“We have been successfully building our business over the past 20 years, and with O’Brien & Gere’s complementary culture and skill sets, we are now in a position to provide a broader set of services to our clients throughout the project lifecycle,” said Breen, a Schuyler Engineering managing partner.
O’Brien & Gere employs approximately 900 people, about 450 of whom work in its office in Syracuse’s Armory Square area and in its manufacturing and technology-development center in Clay.
Failure to Enact Reforms in Albany is Disappointing
I voted in favor of 17 reform measures on March 9] that would have created more openness and accountability in the [New York] Assembly. The Assembly has been mired with scandal and dysfunction for several decades, something I believe could have been corrected if the Democrats chose to adopt this set of reforms. I am dismayed at
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.
I voted in favor of 17 reform measures on March 9] that would have created more openness and accountability in the [New York] Assembly. The Assembly has been mired with scandal and dysfunction for several decades, something I believe could have been corrected if the Democrats chose to adopt this set of reforms.
I am dismayed at the failure of the Democratic Assembly majority to adopt meaningful reforms that would have launched the Assembly on a more transparent and accountable path. At some point, especially looking at the decades of scandals and dysfunction, it is time to make some changes. The people deserve reform; they deserve to trust their government again.
Among the reform measures were eight-year term limits for legislative leaders, including the Assembly Speaker and committee chairs. Also included were measures to make the legislative-committee process more open by videotaping the proceedings and making them available online, as well as a proposal ensuring that each member of the Assembly could bring to the floor at least one piece of legislation with statewide significance for a vote. But, the Democrat majority accepted none of the reforms.
The people’s house is under new leadership, and the majority could have taken this opportunity to shake things up and improve how we serve the people of this state. Instead, we got more of the same, an unwillingness to let sunshine in the murky legislative process in the Assembly. It truly is disappointing.
Marc W. Butler (R,C,I–Newport) is a New York State Assemblyman for the 118th District, which encompasses parts of Oneida, Herkimer, and St. Lawrence counties, as well as all of Hamilton and Fulton counties. Contact him at butlerm@assembly.state.ny.us. This editorial is drawn from a news release that Butler’s office issued on March 9.
State’s Email-Deletion Policy Raises Questions
New York Governor Andrew Cuomo’s office announced in 2013 that it would use Microsoft Office 365 — an email and software management system to consolidate 27 agency email systems, improve access to applications, share calendars in a cloud-based system, and save taxpayer dollars. It recently implemented this software. Many aspects about the new system make
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 Governor Andrew Cuomo’s office announced in 2013 that it would use Microsoft Office 365 — an email and software management system to consolidate 27 agency email systems, improve access to applications, share calendars in a cloud-based system, and save taxpayer dollars. It recently implemented this software. Many aspects about the new system make sense and will hopefully improve inter-agency communication.
What is troubling, however, is that last month, upon its implementation, reports circulated that thousands of state-agency emails were deleted. The governor’s office has instituted a 90-day, automatic-deletion policy. This should concern all who believe we should have greater transparency in government. The timing of the deletions is also suspect, as it comes on the heels of the latest corruption scandal in Albany involving Assembly Speaker Sheldon Silver.
Various advocacy groups suggest the email purges infringe on the New York State Freedom of Information Law, which allows any member of the public to request government records. In fact, a pending court case involving the New York Racing Authority just shed light on the problems with the email deletions. The plaintiff’s lawyer received notice that emails requested from the defendant under the Freedom of Information Law could not be produced due to the recent email purges.
In light of advancements in technology, it’s hard to believe that state emails could not be saved, on either a cloud-storage system or another connected storage device. Technology experts estimated that the new system put in place can save up to 30 years worth of data. Even if the new system has the capacity to store a fraction of this amount of data, it seems prudent to take all measures possible to retain the files. These official communications generated by state agencies are made possible with taxpayer dollars, after all. By comparison, the federal government maintains a policy that electronic communications such as emails are saved for seven years. So why delete?
My legislative colleagues in Albany voiced their questions and concerns during the budget hearing on public protection late last month. Margaret Miller, chief information officer with the New York State Office of Information Technology Services, explained at the hearing that all emails older than 90 days would automatically be purged unless state employees took measures to save their documents in a special retention folder.
The questions I have are similar to what my colleagues asked. Why weren’t documents preserved? Who directed the emails to be deleted? How do state employees know which emails/documents will be needed at a later time? Does the Office of Information Technology Service have the authority to change the 90-day deletion policy? How do other states handle email/data storage?
Many of the questions remained unanswered at the hearing, as Miller was recently appointed in December. The legislature has asked that she report back with findings. Email is a large part of how our government communicates with the public. Without adequate records, the public will have a harder time holding the state accountable. What also remains to be seen is whether this will cost the state more in settlement monies if the state cannot adequately defend itself in court with proper records. I support legislation in the Assembly to change the 90-day automatic-deletion policy and favor greater transparency in Albany.
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, or (315) 598-5185.
NYAG reaches agreement with Kinney Drugs on access issues for deaf and hard-of-hearing customers
New York Attorney General Eric Schneiderman has reached an agreement with parent company of Gouverneur, New York–based Kinney Drugs over accessibility for customers who are
KeyBank parent announces share-repurchase program, plans to evaluate dividend increase
KeyCorp (NYSE: KEY) has announced plans for a common-share repurchase program of up to $725 million. It’s part of the banking company’s proposed capital plan,
Greater Utica Chamber names Morrill board chairman
UTICA, N.Y. — The Greater Utica Chamber of Commerce board of directors has elected Michael Morrill, president and founder of Total Solutions, as its chairman
Talbots to open new store at Waterloo Premium Outlets
JUNIUS, N.Y. — Talbots, a retailer of women’s fashion apparel, shoes, and accessories, will open a store at the Waterloo Premium Outlets in early April.
Loretto to host job fair Thursday at Destiny USA
SYRACUSE, N.Y. — Loretto has scheduled a job fair on Thursday from 1:00 p.m. to 7:00 p.m. in Destiny USA’s canyon area on the third
WCNY honors regional Women Who Make America
SENECA FALLS, N.Y. — WCNY, Central New York’s public-media company, recently recognized 14 women as regional “Makers: Women Who Make America” honorees. WCNY held the
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.