Fournier Appointed Receiver for Two Hotels in Cortland

Syracuse Property Management Company

 “A court-appointed receiver has been placed in charge of the Ramada Inn and Red Roof Inn motel complex in Cortland and has started rehabilitating the property foreclosed upon in February for failing to pay more than $300,000 in local property taxes and federal income taxes. The property had fallen into disrepair in recent years and 40 of the 150 rooms in the Ramada Inn had been closed because of water damage from a leaking roof, said the receiver, Louis Fournier of Syracuse-based Sutton Real Estate Co. Fournier was appointed receiver by the state Supreme Court in Cortland County in February and began his work March 1.”

 

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Sutton Real Estate completes three sales, leases 23,100 s/f in four deals

Syracuse Property Management Company

 

Bart Feinberg represented the seller of Valentine Gardens Apartments, a 50-unit apartment complex, on Merrill St. for $2.45 million. John Thomasmeyer represented the seller in the sale of 123-129 East Willow St., a 10,500 s/f building, for $435,000. Ken Tyminski sold 2312 Erie Blvd. East, a 18,696 s/f former bowling alley for $350,000. Feinberg represented the tenant, Bankers Healthcare Group, in a 13,500 s/f office lease at the Lofts at Franklin Square on Plum St. Feinberg was the sole broker on two leases at Big Apple Plaza on US Rte. 11 in Watertown. Yellow Dog Wine and Spirits leased 2200 s/f. Karen Cannata-LaRocca represented the tenant, Jack Werksman Marketing, in a 4,300 s/f office and showroom space lease at 405 Spencer St.

 

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Fournier brokers $9.5 million sale of Medical Center West; $475,000 sale by Feinberg; $250,000 sale by Thomasmeyer; 1,650 s/f lease by Nave Fehlman

Syracuse Property Management Company

Louis Fournier, president of Sutton acted as the exclusive broker in the sale of Medical Center West, an 82,000 s/f medical center. The sale price was $9.5 million. Bart Feinberg brokered the sale of Syracuse Pool & Patio, a 6,400 s/f retail building located at 353 Grant Ave. in Auburn. The sale price was $475,000 John Thomasmeyer represented the buyer, Pawn King Corp., in the purchase of the former McDonalds. The 6,000 s/f retail building located at 5849 East Circle Dr. in Cicero sold for $250,000. Kristen Nave Fehlman represented the landlord in the lease of a 1,650 s/f retail space to H & R Block at Centre 31, located at 6263 State Rte. 31 in Cicero.

 

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Sutton Real Estate brokers four sales totaling $1.885 million

Syracuse Property Management Company

Bart Feinberg and Kristen Nave Fehlman brokered the sale of 1035 7th North St., a 24,000 s/f professional office building for $1 million. Feinberg brokered the sale of 201 Yates St., a 12-unit apartment building located in East Syracuse. It sold for $255,000. Ken Tyminski brokered the sale of 242 West Genesee St., a 10,000 s/f office building located in Syracuse. It sold for $525,000. Feinberg represented a 2,656 s/f office tenant in a lease renewal at 890 7th North St. Feinberg and Karen LaRocca represented the owner in the sale of 2731 Brundage Rd. in Baldwinsville. It sold for $205,000.

 

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Harbor Street Grand Opening

Syracuse Property Management Company

Harbor Street Lofts

Ribbon Cutting for the newly refurbished Harbor Street Lofts located at 710 Emerson Avenue, took place on Tuesday, 6/20/17. Sutton worked with New York State Homes & Community Renewal to take this former knitting factory and create 40 high-quality loft apartments that appeal to a wide range of Syracuse residents. Individuals and small families, as well as seniors, call Harbor Street Lofts their home due to many accessible features, affordable rental rates and proximity to commercial services & Downtown Syracuse.