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

California tech company acquires Rosie of Ithaca
ITHACA, N.Y. — A California tech company on Wednesday announced it has acquired Rosie, the Ithaca–based e-commerce platform for local and independent retailers and wholesalers.

People news: Oswego Industries appoints director of services
FULTON, N.Y. — Oswego Industries Inc. announced it has named Lee Sullivan as the nonprofit’s director of services. Sullivan is directing the agency’s day habilitation

Oneida Indian Nation announces Turning Stone expansion project
VERONA, N.Y. — A new 250-room hotel is part of an extensive multi-year expansion project at Turning Stone Resort Casino expected to break ground next

Tri-County Medical joins MVHS Medical Group
UTICA, N.Y. — Tri-County Medical, PC, is now part of MVHS Medical Group. The practice includes locations in Little Falls, Herkimer, and Rome. Drs. Deepak

Syracuse University appoints committee to identify next dean of Whitman School
SYRACUSE, N.Y. — Syracuse University has announced the members of the search committee charged with identifying the next dean of the university’s Martin J. Whitman

Colgate extends contract of school president Casey through 2030
HAMILTON, N.Y. — Colgate University President Brian Casey will remain the university’s top official for the remainder of this decade. Colgate’s board of trustees on

People news: FLH names new LTC assistant administrator
GENEVA, N.Y. — Finger Lakes Health (FLH) has announced the appointment of Nicole Magnera as its new long-term care assistant administrator. Prior to joining FLH,

VESTAL, N.Y. — Binghamton University and its coalition of partners have won $63.7 million in federal funding for the New Energy New York project, with

SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area was unchanged in August compared to July but was significantly higher than a year ago. That’s according to the latest Zumper National Rent Report, issued on Aug. 29. The median rental price of one-bedroom apartments in the Syracuse region was
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SYRACUSE, N.Y. — The median rental price for most apartments in the Syracuse metro area was unchanged in August compared to July but was significantly higher than a year ago.
That’s according to the latest Zumper National Rent Report, issued on Aug. 29.
The median rental price of one-bedroom apartments in the Syracuse region was $880 in August, unchanged from July rent levels, but was still 6 percent higher than the $830 median price posted in August 2021, according to Zumper, an apartment-rental listings website.
The median rental rate for two-bedroom units in the Syracuse area was $1,220 in August, down 6.2 percent from $1,300 in July, but was up 18.4 percent from $1,030 in the year-prior month.
Syracuse now ranks as tied for the 91st most expensive rental market (or tied for 8th least expensive) among the top 100 metro areas by population, according to the report.
The Zumper National Rent Report analyzes rental data from more than 1 million active listings across the U.S. The company aggregates the data monthly to calculate median asking rents for the top 100 metro areas.
Broome County hotel occupancy rises nearly 4 percent in July
BINGHAMTON, N.Y. — Broome County hotels welcomed more overnight guests in July than the year-prior month, but the increase was below the gains seen earlier in the year. The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 3.7 percent to 69.9 percent in July, according to STR, a Tennessee–based
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BINGHAMTON, N.Y. — Broome County hotels welcomed more overnight guests in July than the year-prior month, but the increase was below the gains seen earlier in the year.
The hotel-occupancy rate (rooms sold as a percentage of rooms available) in the county rose 3.7 percent to 69.9 percent in July, according to STR, a Tennessee–based hotel market data and analytics company. It was the smallest year-over year increase so far in 2022, as the occupancy gains in the prior six months ranged from nearly 16 percent to more than 45 percent. Year to date, occupancy is up 22.3 percent to 60.3 percent.
Broome County’s revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, went up 17.2 percent to $80.43 in July versus the year-ago month. Through the first seven months of the year, RevPar jumped 46.4 percent to $62.67.
Average daily rate (ADR), which represents the average rental rate for a sold room, climbed 13.1 percent to $115.05 in the county in the seventh month of 2022, compared to July 2021. So far this year, ADR is up 19.7 percent to $103.97.
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