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Onondaga County hotels post increase in occupancy, other business-performance data in May
SYRACUSE, N.Y. — Onondaga County hotels generated substantial growth in business activity in May in three different benchmarks, according to a recent report. The hotel-occupancy
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
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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 year compared to May 2022. Year to date through May, occupancy was down 1.9 percent to 54.1 percent.
Revenue per available room (RevPar), an industry gauge that measures how much money hotels are bringing in per available room, jumped 9.7 percent to $80.09 in May versus the year-prior month. Through the first five months of 2023, RevPar in Broome County was up 4.2 percent to $57.93.
Average daily rate (ADR), which represents the average rental rate for a sold room, increased 9.1 percent to $127.53 in the county this May, compared to May 2022. During the five-month period to start this year, ADR increased 6.1 percent to $107.01.

Elmcrest Children’s Center has chosen its next director
Previous director is retiring SYRACUSE, N.Y. — Syracuse–based Elmcrest Children’s Center has chosen its next leader following a pending retirement. James Muldoon, chairman of the Elmcrest board of directors, announced the appointment of Ruth Ann Riposa as Elmcrest’s new executive director, per a
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Previous director is retiring
SYRACUSE, N.Y. — Syracuse–based Elmcrest Children’s Center has chosen its next leader following a pending retirement.
James Muldoon, chairman of the Elmcrest board of directors, announced the appointment of Ruth Ann Riposa as Elmcrest’s new executive director, per a news release the organization issued.
She is succeeding Joseph Geglia, who was scheduled to retire, effective June 30, after serving for more than a decade as executive director. In total, Geglia has worked for Elmcrest for more than three decades, the nonprofit noted.
About Riposa
Riposa brings a leadership background in nonprofit, for-profit, and government entities, including as a health-services administrator in correctional health care and, most recently, as COO for Arc of Onondaga. Riposa came to Elmcrest during the spring.
“This well-planned leadership change has allowed me to immerse myself in the world of Elmcrest since mid-April — it is extremely evident that there is a true culture of caring amongst the employees for both the children and families we serve as well as for each other as team members,” Riposa said in the release. “It has been a true joy to interact with the teams across the agency and see and feel the heartbeat that they share for the incredible work they do.”
About Geglia
Geglia began his career at Elmcrest as a development advisor in 1985 and joined the staff five years later. He was later named executive director in 2010.
During his tenure, Elmcrest has developed 16 outreach community-based programs in Syracuse, Binghamton, Mexico, Cortland, and Casey’s Place. That’s in addition to its residential program on the Salt Springs campus, Elmcrest noted.
In his role, Gegila has been responsible for 551 employees and net assets of $25.8 million and had a “genuine concern and caring for the children who come to Elmcrest,” the organization said.
Geglia also sought funding to build a literacy center on campus, which was part of “his vision for the education of the boys and girls at Elmcrest.”
During his time, hundreds of children have worked with a specialist to recover credits to get back on their proper grade level. Geglia also set up a scholarship program that has helped several students pursue a college education, Elmcrest said of its retiring director.

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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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 information is part of the State of Downtown report delivered during the annual meeting luncheon of the Downtown Committee of Syracuse Inc., which was held June 21 at the Nicholas J. Pirro Convention Center at Oncenter.
“We’ve seen another year of incredible levels of investment that have moved Downtown Syracuse forward and demonstrate the belief and commitment to our city center,” Merike Treier, executive director of the Downtown Committee of Syracuse, said in a news release about the event. “2023 reinforced Downtown’s role as a place where people can connect and come together. We’ve seen what happens when our community bands together with a collective voice and how this forward-thinking has paved the way for the active, vibrant, Downtown we know today.”
The event attracted about 450 members of the downtown community, including property owners, businesses, residents, and other stakeholders, the Downtown Committee said.
Downtown Awards of Excellence
The Downtown Committee recognized the ongoing City Center revitalization project with the Urban Innovation Award. It’s a $37 million project to redevelop the former Sibley’s department store. The Redhouse Arts Center and the Hayner Hoyt Corporation partnered on the project.
It also honored the Milton J. Rubenstein Museum of Science & Technology (MOST) with the Heart of Downtown Award. The award recognizes efforts that “positively affect and inform the way that people feel about Downtown Syracuse, and many times, our honorees are recognized for the way that they make people feel,” the Downtown Committee said. The MOST is “built on a foundation” of providing hands-on STEAM (science, technology, engineering, arts, and mathematics) education throughout the community and to their visitors annually.
The Downtown Committee also recognized the Erie Canal Museum with the Perfect Partner Award, an honor given to individuals and organizations “whose initiatives, advocacy and commitment positively impact Downtown Syracuse.” The Erie Canal Museum recently partnered with Talking Cursive Brewery for Beer, Bikes and Barges, a guided bike ride along the Empire State Trail that finishes at a local brewery, “expanding the audience for downtown’s many amenities.”

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.
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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. That’s according to the May monthly housing report that the New York Association of Realtors (NYSAR) issued on June 22.
“Home prices inched lower across New York State in May while inventory continues to decline in year-over-year comparisons,” NYSAR said to open its housing report.
Interest rates rose slightly in May, starting the month at 6.39 percent on a 30-year fixed-rate mortgage, but ending May at 6.57 percent. NYSAR cited Freddie Mac as indicating the monthly average on a 30-year fixed-rate mortgage in May settled in at 6.43 percent, up from the 6.34 percent average in April. Freddie Mac is the more common way of referring to the Virginia–based Federal Home Loan Mortgage Corporation.
New listings of homes for sale in New York state fell 18.4 percent to 15,540 from 19,040 in May 2022. Pending sales totaled 12,483 in May, down 4.1 percent from 13,017 pending sales in the same month in 2022, according to the NYSAR data.
The May 2023 statewide median sales price was $400,000, down 2.4 percent from the May 2022 median sales price of $410,000.
The months’ supply of homes for sale at the end of May stood at 3.2 months, unchanged compared to a year ago, per NYSAR. A 6-month to 6.5-month supply is considered a balanced market.
The number of homes for sale in the Empire State totaled 32,535 in May, down 16.4 percent from the May 2022 figure of 38,939, and off more than 25 percent from 43,607 homes for sale two years ago. The number of homes available for sale in New York has fallen in year-over-year comparisons for 43 straight months.
All home-sales data is compiled from multiple-listing services in New York, and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.

M&T Bank announces commercial bank hires, promotions
Buffalo — M&T Bank (NYSE: MTB) — which ranks No. 1 in deposit market share in the 16-county Central New York region — recently announced a group of leadership updates in its commercial bank unit. The changes include the following promotions and new hires. Tim Gallagher has been named head of commercial real estate (CRE).
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Buffalo — M&T Bank (NYSE: MTB) — which ranks No. 1 in deposit market share in the 16-county Central New York region — recently announced a group of leadership updates in its commercial bank unit. The changes include the following promotions and new hires.
Tim Gallagher has been named head of commercial real estate (CRE). He brings more than 25 years of CRE experience to M&T, including stints with Morgan Stanley and Annaly Capital. In this role, Gallagher will oversee all aspects of the CRE platform and strategy including both on and off-balance sheet activities. Matt Petrula will continue as head of regional real estate and will work closely with Gallagher to coordinate and execute M&T’s CRE strategy, according to an M&T bank news release issued on June 27.
M&T Bank has promoted Hugh Giorgio to head of investment banking. Giorgio, a 20-year veteran of M&T’s Investment Bank, currently holds the role of head of debt capital markets which includes commercial & industrial and CRE loan capital markets, fixed-income capital markets, equity capital markets, and loan sales and trading. Giorgio will maintain these responsibilities while expanding his oversight to include the bank’s broker-dealer, M&T Securities, and mergers and acquisitions advisory business unit.
The bank hired Jeff Carpenter as head of specialty and corporate banking. Prior to joining M&T, he spent 10 years with People’s United commercial banking business on capital markets, specialty finance, commercial strategy, and health care. In this role, Carpenter will oversee franchise banking, leveraged lending, fund banking, and large corporate and mortgage warehouse lending, in addition to his current responsibilities leading Treasury capital markets.
Michelle Brett has been appointed head of commercial risk at M&T Bank. She brings more than 25 years of risk-management experience to her new role. Brett most recently worked at J.P. Morgan Chase, where she spent the past 19 years in risk, operations, and business administration within the commercial bank. In this role, Brett is responsible for oversight of activities identifying, assessing, monitoring, and controlling risk. the head of commercial risk facilitates the establishment of division-wide and business line-specific policies, procedures, and limits.
All of the positions M&T Bank announced will report directly to Peter D’Arcy, head of its commercial bank.
“It is an exciting time at M&T as we continue to grow the ways in which we bring ideas, solutions, and support to our diverse portfolio of clients,” said D’Arcy. “The deep breadth of experience that Gallagher, Giorgio, Carpenter, and Brett bring when combined with our strong existing leadership team allows us to execute our strategy while ensuring we continue to evolve with our customers and expand our product offerings.”
M&T Bank, provides banking products and services in 12 states across the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.

Cerminaro named CEO of Community Bank Wealth Management
DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that Michael T. Cerminaro has been appointed president and CEO of the Community Bank Wealth Management division of its Community Bank, N.A. banking subsidiary. Cerminaro joins the bank with more than 30 years of experience, having most recently served as market head for the
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DeWITT, N.Y. — Community Bank System, Inc. (NYSE: CBU) recently announced that Michael T. Cerminaro has been appointed president and CEO of the Community Bank Wealth Management division of its Community Bank, N.A. banking subsidiary.
Cerminaro joins the bank with more than 30 years of experience, having most recently served as market head for the Northeast/Mid-Atlantic region and head of U.S. ultra-high net worth at HSBC Bank USA.
This appointment and succession reflects Community Bank’s “long standing commitment to growth and investment in its wealth management business line,” it said in a news release.
Cerminaro will replace Paul Restante, who has led Community Bank’s wealth management unit for more than 10 years. Restante will continue with the banking company as a managing director.
“[Cerminaro] brings a breadth and depth of experience and expertise to this role, making him an excellent choice to lead our wealth management business. With his proven track record of growing sizable wealth businesses, and his high energy level, I am confident in his ability to drive the division’s success and ensure our clients’ financial objectives are met,” Dimitar Karaivanov, Community Bank System’s executive VP and chief operating officer, said in the release. “We would also like to express our gratitude to Paul Restante, who has played a pivotal role in taking our business to the next level since assuming the leadership role over a decade ago. I am pleased that Paul will continue with us as Managing Director and will work closely with Mike to prepare the business for this next stage of growth.”
Community Bank Wealth Management has more than $7.7 billion of assets under management and administration. It provides comprehensive asset management, strategic wealth and succession planning, trust administration, and retirement-plan design services across New York, Pennsylvania, Vermont, Massachusetts, and Florida through the bank’s trust department, and its subsidiaries: Community Investment Services, The Carta Group, Inc., Nottingham Advisors, Inc. and OneGroup Wealth Partners, Inc. Parent company Community Bank System has total assets of more than $15.2 billion.

Northeast Grocery completes executive team
SCHENECTADY, N.Y. — Northeast Grocery, Inc. (NGI) says it has completed its executive team with the promotion of John Persons to the role of chief operating officer (COO) and a couple of other personnel moves. NGI is the parent company of Price Chopper/Market 32 and Tops Friendly Markets. Persons has spent 39 years with Tops,
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SCHENECTADY, N.Y. — Northeast Grocery, Inc. (NGI) says it has completed its executive team with the promotion of John Persons to the role of chief operating officer (COO) and a couple of other personnel moves.
NGI is the parent company of Price Chopper/Market 32 and Tops Friendly Markets.
Persons has spent 39 years with Tops, most recently as the president of the grocery chain based in Williamsville, a Buffalo suburb. Persons will report directly to Frank Curci, CEO of Northeast Grocery.
As COO, Persons will oversee both the Price Chopper/Market 32 and Tops Markets operating companies, as well as the merchandising and marketing functions of Northeast Shared Services. That is an NGI subsidiary providing services to both operating companies.
With Persons’ promotion, Ron Ferri, a 34-year Tops veteran, will succeed Persons as Tops president, the Schenectady–based NGI said in its June 29 announcement.
During his tenure at Tops, Persons has had oversight for various functions, including operations, merchandising, sales and marketing, real estate, information technology, and organizational strategy, all leading to his appointment as president in 2015.
In addition to Persons’ promotion, NGI has named Mike Miller chief administrative officer (CAO). Miller was previously senior VP of human resources and executive VP of human resources and administration at Northeast Shared Services.
In his new role, Miller will lead the human resources, legal, government affairs, corporate communications, public relations, and risk management functions, as well as oversee merger integration.
“Promoting John to COO and Mike to CAO fills out our executive leadership team and bolsters our experience and expertise in many of the functional areas that continue to contribute to our combined company’s growth,” Curci said. “I’m confident that our executive team, which also includes Dave Langless (CFO), Scott Kessler (CIO), Blaine Bringhurst (Price Chopper/Market 32 president), and Ron Ferri (Tops’ newly promoted president), is equipped to provide us with cutting-edge leadership.”
Price Chopper/Market 32 and Tops Friendly Markets collectively operate nearly 300 supermarkets across New York, Massachusetts, Vermont, Connecticut, Pennsylvania, and New Hampshire and employ more than 30,000 people.

VIEWPOINT: Oswego native serves as aviation structural mechanic in U.S. Navy
Petty Officer 3rd Class Roxanne Scoville, a native of Oswego, serves the U.S. Navy assigned to Strike Fighter Squadron (VFA) 125. The command is a joint strike fighter squadron located aboard the U.S. Navy’s largest master jet base. Scoville joined the Navy four years ago. Today, she serves as an aviation structural mechanic. “I was
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Petty Officer 3rd Class Roxanne Scoville, a native of Oswego, serves the U.S. Navy assigned to Strike Fighter Squadron (VFA) 125. The command is a joint strike fighter squadron located aboard the U.S. Navy’s largest master jet base.
Scoville joined the Navy four years ago. Today, she serves as an aviation structural mechanic.
“I was going to join the Army in 2011 but then life happened,” says Scoville. “My brother ended up joining the Army in 2018 as a wheeled mechanic. When he did that, I told him I would join the Navy as an aircraft mechanic and we would take the world by air, land and sea.”
Growing up in Oswego, Scoville attended Oswego High School and graduated in 2011. Today, Scoville relies upon skills and values similar to those found in Oswego to succeed in the military.
“Growing up, I learned to always work hard and push for your goals,” says Scoville. “No matter what happens in life, it’s always a step in the right direction. Everything happens for a reason.”
These lessons have helped Scoville while serving with the Navy.
Members of VFA 125 fly and maintain the F35-C Lightning II, a combat-ready fifth-generation fighter.
According to Navy officials, the F-35C is designed with the entire battlespace in mind, bringing transformational capability to the U.S. and its allies. Missions traditionally performed by specialized aircraft (air-to-air combat, air-to-ground strikes, electronic attack, intelligence, surveillance and reconnaissance) can now be executed by a squadron of F-35s.
For the first time in U.S. naval aviation history, radar-evading stealth capability comes to the aircraft carrier deck. The F-35C carrier variant sets new standards in weapon-system integration, lethality, maintainability, combat radius and payload that bring true multi-mission power projection capability from the sea, according to Navy officials.
This year commemorates 50 years of women flying in the U.S. Navy. In 1973, the first eight women began flight school in Pensacola, Florida; one year later six of them, known as “The First Six,” earned their “Wings of Gold.” Over the past 50 years, the Navy has expanded its roles for women to lead and serve globally and today our women aviators project power from the sea in every type of Navy, Marine Corps, and Coast Guard aircraft. Our Nation and our Navy is stronger because of their service.
With 90 percent of global commerce traveling by sea and access to the internet relying on the security of undersea fiber optic cables, Navy officials continue to emphasize that the prosperity of the U.S. is directly linked to trained sailors and a strong Navy.
“Our mission remains timeless — to provide our fellow citizens with nothing less than the very best Navy: fully combat ready at all times, focused on warfighting excellence, and committed to superior leadership at every single level,” says Adm. Mike Gilday, Chief of Naval Operations. “This is our calling. And I cannot imagine a calling more worthy.”
As a member of the Navy, Scoville is part of a world-class organization focused on maintaining maritime dominance, strengthening partnerships, increasing competitive warfighting capabilities and sustaining combat-ready forces in support of the National Defense Strategy.
“The Navy is important to national defense because the equipment and technology we use helps maintain stability on the homefront and overseas,” says Scoville. “Whether that’s bringing other branches to the places they need to be or them utilizing our resources as well, we have a one team one fight mentality.”
Scoville and the sailors they serve with have many opportunities to achieve accomplishments during their military service.
“My proudest accomplishment in the Navy so far is being promoted to the rank of third class petty officer,” says Scoville.
As Scoville and other sailors continue to train and perform missions, they take pride in serving their country in the U.S. Navy.
“Serving in the Navy is a humbling and prideful experience,” says Scoville. “You carry two names on your chest. At the end of the day, you have two groups of people to make proud, the people you serve within the Navy and your family.”
Scoville is grateful to others for helping make a Navy career possible.
“I would like to thank my brother, Scott Alton, for letting me know that, no matter where life takes you, your dreams are always within reach,” added Scoville. “I want to thank my mother, Valerie Scoville, for being my biggest encouragement and writing to me almost every day when I was going through boot camp. I would also like to thank Rosa Martinez for standing by my side since boot camp.”

Avalon’s new CEO leads firm with fast-growing cyber division
SYRACUSE, N.Y. — After joining the business a few years ago as COO, Jon Bates is now leading Avalon as the firm’s CEO. The Syracuse–based company announced the promotion on May 22. JP Midgley, who previously was Avalon CEO, stepped down from the position in April and will now serve on Avalon’s board of directors
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SYRACUSE, N.Y. — After joining the business a few years ago as COO, Jon Bates is now leading Avalon as the firm’s CEO.
The Syracuse–based company announced the promotion on May 22.
JP Midgley, who previously was Avalon CEO, stepped down from the position in April and will now serve on Avalon’s board of directors and as the company’s corporate strategy director, per a May 22 news release.
First operating as a legal copy company, Avalon has evolved to offer tech services like digital forensics and eDiscovery, as well as niche document services nationwide, including scanning, secure print and mail, bid management, business-process outsourcing, and managed office services.
In more recent years, the company established Avalon Cyber to help businesses further by identifying and managing cyber risk through managed detection and response, vulnerability assessments, penetration testing, and incident response.
In his new role, Bates will lead all aspects of Avalon’s operations, particularly focusing on the company’s overall goals, growth, profit, and return on investment. More specifically, Bates will work with Avalon’s board of directors and top executives to establish short-term and long-term objectives and provide regular reports on the status of Avalon’s operations to the board of directors and company staff.
“I am honored to begin this new chapter at Avalon and continue working with this incredible team toward delivering the highest-quality work-product for our clients, transforming the way they do business,” Bates contended. “From litigation support and eDiscovery services to our rapidly growing cybersecurity division, we’re here to provide critical business services that strengthen our clients’ capabilities and contribute to their success. We have exciting plans on the horizon and, together, we will achieve historic growth for our company and our clients.”
Bates first joined Avalon in 2020 as COO and developed and implemented business strategies and policies to help increase market share and generate a big return on investment.
Prior to Avalon, Bates served as VP at document management firm CloudDOCX IT, which is based in Rochester. He also previously served as eastern regional business-development manager at InStream, an office-workflow solutions and document-management technology company headquartered in Nashville, Tennessee.
Avalon says it has offices in Syracuse, Buffalo, and Rochester in New York, as well as locations in Cleveland, Ohio; Tampa, Florida; Omaha, Nebraska; Detroit, Michigan; and Phoenix, Arizona.
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