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

Industrial building in DeWitt sold for $900,000
DeWITT, N.Y. — The nearly 19,000-square-foot industrial building at 110 Boss Road in the town of DeWitt was recently sold for $900,000 to Sand Mauritius Holdings LLC. John Clark of Cushman & Wakefield/Pyramid Brokerage Company handled the sale and represented the buyer in the transaction. The property, which encompasses nearly 3.4 acres, is assessed 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.
DeWITT, N.Y. — The nearly 19,000-square-foot industrial building at 110 Boss Road in the town of DeWitt was recently sold for $900,000 to Sand Mauritius Holdings LLC.
John Clark of Cushman & Wakefield/Pyramid Brokerage Company handled the sale and represented the buyer in the transaction.
The property, which encompasses nearly 3.4 acres, is assessed at $615,000 for 2021, and had the same full market value, according to Onondaga County’s online property records. Santorini Real Estate Holdings is listed as the prior owner.
The property class is listed as truck terminal and it is located in the East Syracuse-Minoa School District, per the county records.
SYRACUSE, N.Y. — Hotels in Onondaga County saw another massive surge in guests this May compared to May 2020, when the COVID-19 pandemic hammered the hospitality business, according to a recent report. The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 124.4 percent to 50.9 percent in May
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, N.Y. — Hotels in Onondaga County saw another massive surge in guests this May compared to May 2020, when the COVID-19 pandemic hammered the hospitality business, according to a recent report.
The hotel occupancy rate (rooms sold as a percentage of rooms available) in the county jumped 124.4 percent to 50.9 percent in May compared to under 23 percent in the year-earlier period, according to STR, a Tennessee–based hotel market data and analytics company.
Revenue per available room (RevPar), a key industry gauge that measures how much money hotels are bringing in per available room, more than tripled (up 241.5 percent) to $53.90 this May from a year prior.
Average daily rate (or ADR), which represents the average rental rate for a sold room, jumped 52.2 percent to $105.97 in May compared to May 2020.
The strong May 2021 hotel-occupancy report follows the April and March results when occupancy soared more than 152 percent and 40 percent, respectively, from the year-earlier periods. These are the first three months in which the year-over-year comparisons were to a month affected significantly by the COVID crisis. The prior year of monthly reports featured significant declines in occupancy as the comparisons were to a pre-pandemic month.

Lockheed Martin to pay Q3 dividend of $2.60 per share in late September
Lockheed Martin Corp. (NYSE: LMT) announced that its board of directors has authorized a dividend of $2.60 a share for the third quarter. The dividend is payable on Sept. 24, to shareholders of record as of the close of business on Sept. 1. It’s the same amount that the defense contractor paid shareholders in the
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.
Lockheed Martin Corp. (NYSE: LMT) announced that its board of directors has authorized a dividend of $2.60 a share for the third quarter.
The dividend is payable on Sept. 24, to shareholders of record as of the close of business on Sept. 1.
It’s the same amount that the defense contractor paid shareholders in the second quarter. At Lockheed’s current stock price, the dividend yields about 2.7 percent on an annual basis.
Lockheed Martin (NYSE: LMT) — a Bethesda, Maryland–based global security and aerospace company — has two plants in Central New York, in Salina and in Owego, as part of the firm’s rotary and mission systems (RMS) business area.
The company has about 114,000 workers worldwide.
New York milk production jumps more than 4 percent in May
New York dairy farms produced more than 1.35 billion pounds of milk in May, up 4.2 percent from just under 1.3 billion pounds in the year-prior month, the USDA’s National Agricultural Statistics Service (NASS) recently reported. Milk production per cow in the state averaged 2,155 pounds in May, up nearly 3.9 percent from 2,075 pounds
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 more than 1.35 billion pounds of milk in May, up 4.2 percent from just under 1.3 billion pounds in the year-prior month, the USDA’s National Agricultural Statistics Service (NASS) recently reported.
Milk production per cow in the state averaged 2,155 pounds in May, up nearly 3.9 percent from 2,075 pounds a year ago.
The number of milk cows on farms in New York state totaled 628,000 head in May, up slightly from 626,000 head in May 2020, NASS reported.
On the milk-price front, New York dairy farmers in April were paid an average of $18.30 per hundredweight, up 40 cents from March, and $3.60 higher than in April 2020.
In neighboring Pennsylvania, dairy farms produced 893 million pounds of milk in May, up 1.8 percent from a year ago.
New York egg production edges up less than 1 percent in May
New York farms produced 147.8 million eggs in May, up 0.7 percent from 146.7 million eggs in the year-ago period, the USDA’s National Agricultural Statistics Service (NASS) recently reported. The number of layers in the Empire State averaged nearly 5.82 million in May, up 4.3 percent from almost 5.58 million layers a year prior. May
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 147.8 million eggs in May, up 0.7 percent from 146.7 million eggs in the year-ago period, the USDA’s National Agricultural Statistics Service (NASS) recently reported.
The number of layers in the Empire State averaged nearly 5.82 million in May, up 4.3 percent from almost 5.58 million layers a year prior. May egg production per 100 layers dropped nearly 3.4 percent to 2,542 eggs from 2,631 eggs in May 2020.
In neighboring Pennsylvania, farms produced almost 751 million eggs during May, down more than 3 percent from more than 775 million eggs a year before.
U.S. egg production totaled 9.38 billion eggs in May, up more than 2.8 percent from 9.12 billion eggs in May 2020.

Sunnking seeks to help Mohawk Valley businesses with their electronics recycling
WHITESBORO, N.Y. — An executive with recycler Sunnking says the firm’s “big focus” is helping local businesses in the Mohawk Valley region. “We want to make it easy for them to responsibly handle and dispose of all of their electronics,” Adam Shine, VP of Sunnking, says. Sunnking, Inc. has operations in a space located 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.
WHITESBORO, N.Y. — An executive with recycler Sunnking says the firm’s “big focus” is helping local businesses in the Mohawk Valley region.
“We want to make it easy for them to responsibly handle and dispose of all of their electronics,” Adam Shine, VP of Sunnking, says.
Sunnking, Inc. has operations in a space located at 272 Oriskany Blvd. in Whitesboro. The company, which is headquartered in Brockport in Monroe County, held a formal-opening event at the new location on June 29, per a company news release.
The firm expects the expansion to create up to 10 jobs within its first full year of operation.
The new “demanufacturing” facility will provide a resource for local businesses to reliably handle their end-of-life technology — including secure data destruction. End-of-life technology refers to products for which vendors no longer offer support services. The new facility will also allow Sunnking to “extend product lifecycles by identifying opportunities for refurbishing and resale,” per the company’s release.
The warehouse had previously opened in March 2020 but was then “immediately” shut down due to COVID-19 safety procedures, Sunnking said. Operations have slowly ramped back up in recent months due to the “growing need” for electronics recycling.
“We’re excited to travel into the underserviced Central and Eastern [New York] markets and believe this gives us the ability to expand throughout the state even more,” said Shine. “This evolution allows the ability to efficiently duplicate many of our current processes, create meaningful jobs and serve more customers under the New York State e-waste law.”
The plant buildout will also create space for Sunnking to add a second location of its retail brand, eCaboose, in 2022. It sells refurbished electronics and offers computer support to the community.

Cathedral Corp. of Rome acquires Connecticut firm that also serves Catholic churches
ROME, N.Y. — Cathedral Corporation of Rome — which for more than 100 years has provided Catholic churches and dioceses with printing, communications, and support services — recently announced it has acquired Letter Concepts Inc. (LCI) of Connecticut to strengthen its presence in the church market. LCI is a Kensington, Connecticut–based firm that specializes in
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.
ROME, N.Y. — Cathedral Corporation of Rome — which for more than 100 years has provided Catholic churches and dioceses with printing, communications, and support services — recently announced it has acquired Letter Concepts Inc. (LCI) of Connecticut to strengthen its presence in the church market.
LCI is a Kensington, Connecticut–based firm that specializes in Catholic church fundraising, offering laser and inkjet printing and mailing services, as well as database management and lockbox services to churches and dioceses.
Cathedral, headquartered at 632 Ellsworth Road, says it offers marketing, fundraising, and financial communications for Catholic churches, dioceses, colleges and universities, governmental and nonprofit organizations, health-care providers, credit unions, and banks.
“Letter Concepts, like Cathedral Corporation, is a family-owned business where employees remain for decades. Our companies are similar, but have particular strengths,” Marianne Gaige, chairman and CEO of Cathedral, said in a release. “We have been working with churches since the early 1900s, while Letter Concepts has been supporting dioceses with essential services and building long-term partnerships across the country.”
No financial terms of the deal were disclosed.
Letter Concepts brings Cathedral “significant strengths in print production management, lockbox operations and data management and analysis,” per Gaige. “With its industry leadership in diocesan fundraising, the addition … strengthens Cathedral’s position in the field of church stewardship.”
Thomas Wilson, executive VP and general manager of Letter Concepts, noted that Letter Concepts develops close relationships with its diocesan clients through the programming, lockbox capability, data exports, and appeal-reporting updates. “We’re part of their team,” he said.
Wilson sees opportunities for growth as a part of the Cathedral team. “We’re bringing new strengths — personalized brochures, surveys, social media — and are delighted to provide these capabilities to our clients. I believe the new company will be the leader in the church market.”
As a wholly owned subsidiary of Cathedral Corp., LCI will function with a “high degree of autonomy,” the release stated. All leadership and staff are remaining in their current positions, with Thomas Wilson continuing in his current role and Al Davis serving as VP/operations manager. Meanwhile, LCI co-founder John Wilson will be in a consultant role. The LCI leadership will become an active part of Cathedral’s senior management team.
Cathedral Corp. employs more than 220 people and is headquartered in a 60,000-square-foot facility at Griffiss Business and Technology Park in Rome. It has additional facilities in Holbrook, New York; Lincoln, Rhode Island; Orlando, Florida; and now Kensington, Connecticut.
Letter Concepts has served 48 Catholic dioceses and more than 3,500 Catholic parishes nationwide in the past 32 years, producing more than 17 million request-letter packages and 3.5 million acknowledgment mailings to respondents last year, alone.
New York closed home sales jump 43 percent in May
Pending sales nearly double ALBANY, N.Y. — New York realtors sold 10,694 previously-owned homes in May, up 43.2 percent from 7,467 homes sold in the year-ago month as the housing market stayed hot. Pending sales in May went up even more, almost doubling, indicating that further large increases in closed sales are coming in in
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.
Pending sales nearly double
ALBANY, N.Y. — New York realtors sold 10,694 previously-owned homes in May, up 43.2 percent from 7,467 homes sold in the year-ago month as the housing market stayed hot.
Pending sales in May went up even more, almost doubling, indicating that further large increases in closed sales are coming in in the next couple of months. That’s according to the New York State Association of Realtors (NYSAR)’s May housing-market report issued June 22.
“The housing market in the Empire State continues to surge…” NYSAR said to open its May report.
Sales data
Pending sales in New York totaled 15,775 in May, up more than 91 percent from 8,245 in May 2020, according to the NYSAR data.
Amid the rising sales, inventory remained tight, which fueled surging house prices.
The May 2021 statewide median sales price rocketed 29 percent higher to $357,000 from $276,000 a year ago.
The months supply of homes for sale at the end of May stood at 2.9 months, down from 5 months in May 2020. A 6 month to 6.5-month supply is considered to be a balanced market, NYSAR notes.
The inventory of homes for sale totaled 40,776 homes this May, down 18.5 percent from 50,038 homes in the same month a year ago.
Central New York data
The Central New York real-estate market also remained strong in May.
Realtors in Onondaga County sold 342 previously owned homes in the fifth month of the year, up 1.2 percent from the 338 they sold in May 2020. The median sales price rose 15.6 percent to $185,000 in May from $160,000 a year prior, according to the NYSAR report.
The association also reported that realtors sold 131 homes in Oneida County in May, up 3.1 percent from 127 in May 2020. The median sales price increased 25.4 percent to $175,500 from $140,000 a year earlier.
Realtors in Broome County sold 148 existing homes in May, up 31 percent from 113 a year ago, according to the NYSAR report. The median sales price rose nearly 27 percent to $145,900 from $115,000 in May 2020.
In Jefferson County, realtors closed on 128 homes in May, up 54.2 percent from 83 a year before, and the median sales price of nearly $175,000 was almost 24 percent higher than $141,500 a year prior, according to the NYSAR data.
All home-sales data is compiled from multiple-listing services in New York state and it includes townhomes and condominiums in addition to existing single-family homes, according to NYSAR.

ANCA hires Cooper as new executive director
SARANAC LAKE, N.Y. — The Adirondack North Country Association (ANCA) board of directors on July 1 announced that Elizabeth Cooper will succeed Kate Fish as executive director. Fish has led the rural economic-development organization for 12 years. Cooper will begin work at the association on July 12, ANCA said. ANCA is an independent, nonprofit corporation
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, N.Y. — The Adirondack North Country Association (ANCA) board of directors on July 1 announced that Elizabeth Cooper will succeed Kate Fish as executive director.
Fish has led the rural economic-development organization for 12 years. Cooper will begin work at the association on July 12, ANCA said.
ANCA is an independent, nonprofit corporation that works to promote economic development across a 14-county region of Northern New York, with a focus on entrepreneurship, local agriculture, and clean energy.
Cooper has “significant experience” in private sector, supply-chain analysis and management, and as a captain in the New York Air National Guard. She is recognized as a leader in community development and as an entrepreneur in the region, ANCA contends.
Cooper lives in Lake Placid, after having grown up in Star Lake in St. Lawrence County. She is CEO and owner of Coffee Fever in Star Lake, which she launched in June 2015, per her LinkedIn profile.
“Elizabeth’s experience as a small-business owner, her work in community development and her global experience made her stand out from a pool of 54 applicants from as far away as London, England; South Africa; Texas and Nevada,” Jim Sonneborn, chair of the ANCA board of directors, said in a release. “It will enable her to lead ANCA in strengthening local food and clean energy systems as well as the entrepreneurial economy.”
Cooper graduated from the U.S. Merchant Marine Academy in 1999, before serving in the New York Air National Guard in both active and reserve capacities for nine years. In this role, Cooper was commander of the maintenance operations flight, supervising aircraft- maintenance personnel in both Scotia in Schenectady County and McMurdo Bay, Antarctica.
She worked in logistics for Target Corporation, before earning an MBA degree from Rensselaer Polytechnic Institute in Troy in 2006. Cooper subsequently took a position with Accenture, a Fortune 500 multinational company that provides consulting and processing services, where she led an international team from its New York City headquarters in developing 24-hour supply-chain services for clients.
In 2009, Cooper returned to the Adirondacks, where she worked as community-development coordinator for the Towns of Clifton and Fine from 2009 to 2013. During this time, she coordinated efforts to rehabilitate the J&L site, increase broadband access, and administer local waterfront-revitalization grants.

SMALL BUSINESS SPOTLIGHT: Skaneateles Artisans: Creatively pivoting through COVID
SKANEATELES — During the peak of the COVID-19 pandemic last holiday season, Skaneateles Artisans owner Teresa Vitale found herself in a similar position to many other retail brick-and-mortar business owners. Revenue was waning due to a lack of customers who were appropriately social distancing at home and either reducing their purchasing or relying on e-commerce
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.
SKANEATELES — During the peak of the COVID-19 pandemic last holiday season, Skaneateles Artisans owner Teresa Vitale found herself in a similar position to many other retail brick-and-mortar business owners.
Revenue was waning due to a lack of customers who were appropriately social distancing at home and either reducing their purchasing or relying on e-commerce outlets.
Vitale never thought her creative necessity at that time would become a new line of business. But fact is, she moved well past pivoting, and has evolved, all the while managing to not only keep Skaneateles Artisans in operation, but also start a new business line called “Tinsel Town Arts by Teresa Vitale.”
Tinsel Town Arts is a new line of custom-decoration services that grew out of Teresa’s storefront decorations at Skaneateles Artisans. She designed and built a display of colorful and whimsical Christmas-present packages stacked on top of each other and framing the front-door entrance of her shop on the ground floor of the historic Old Stone Mill at 3 Fennell St. in the village of Skaneateles.
This story doesn’t quickly end here though, as evidenced by an event which would challenge her spirit. A young man recklessly drove a vehicle through the village and crashed into the display, destroying most of it.
Vitale acknowledges that “the gallery was not financially prepared for the challenges of being closed during the COVID shutdown.” She reached out to the Small Business Development Center (SBDC) at Onondaga Community College and me for help navigating the Economic Injury Disaster Loan (EIDL) and Paycheck Protection Program (PPP) applications in March 2020.
Over a series of conversations and advising sessions, Teresa was able to successfully apply for and receive both assistance packages — the EIDL loan from the Small Business Administration, and the PPP reimbursable loan from M&T Bank. Vitale kept the business operating with 110 artists’ work on display for sale on commission and emerged with her best sales totals for the month of May in the 14-year history of her business.
“The SBDC and Mr. Cetera helped in the survival of Skaneateles Artisans. I would not have made it through COVID shutdown, without Mr. Cetera’s guidance,” Vitale said.
Once Teresa had stabilized the Skaneateles Artisans gallery with SBDC advising and coaching, during the slow business time of the pandemic, and coupled with the driving-accident incident, she recognized that she had been “given the opportunity of not only being able to start a new business, but also having a preexisting location where she can sell the art, making it all seem very possible and real.” Over the years, visitors to the gallery have always wanted to purchase the gift boxes that she created around the gallery — and now they can.
“Tinsel Town Arts by Teresa Vitale” began as a collection of beautiful handmade garlands, wreaths, and decorative boxes stacked like topiary. Materials used for the decoration are designed to withstand the exterior elements and can be enjoyed for years to come.
During a site visit to the gallery store, the energy and enthusiasm that Teresa exhibited was palpable. One customer shared her thoughts that the visit “was so fun” as she walked out with a colorful glass platter carefully packaged for the return leg of a motorcycle road trip between Arkansas and Acadia National Park in Maine, demonstrating how much of a destination Skaneateles Artisans is itself within the destination village of Skaneateles.
Teresa is continuing to work closely with her SBDC advisor to navigate financing and funding programs for the Skaneateles Artisans gallery, all the while making lemonade out of lemons and not letting the spirit-crushing damage to her storefront display keep her down. With smiling faces visible from the freedom of masks, vaccinated against COVID, Teresa received some new pieces of woodwork from one of the artisans on display and greeted patrons, both new and old.
Advisor’s business tip: The COVID pandemic made sure everyone in the business world was acutely aware that change is inevitable. Consider your strategy for staying aware of, and implementing change, on pace rather than being late. Now that the e-commerce and remote-work genies are out of the bottle, and are being implemented regularly, what’s next? Read online business blogs, join industry associations, have frequent conversations with your business advisors, and make the commitment to objectively evaluate your business on the regular.
Frank Cetera is an advanced certified business advisor at the SBDC located at Onondaga Community College. Contact him at ceteraf@sunyocc.edu

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