Delphi Falls
Delphi Falls, NY · Real Estate
Democrat and Chronicle
Eastview Mall lenders fight Victor eminent domain plan
No members of the public spoke during a public hearing on the Town of Victor’s eminent domain proceedings to acquire property in and around Eastview Mall on Sept. 28, but lawyers and representatives for all sides took an opportunity to make their case. The regional shopping center is facing foreclosure after failing to pay a $210 million mortgage loan, despite multiple extensions. Lenders have already filed a foreclosure action and a court-appointed receiver could take control of mall operations within days. At the same time, the town is pursuing eminent domain to acquire the affected properties, a move lawyers for the lenders and their loan servicer called “a debt evasion scheme.” The town’s attorneys and representatives for Victor 2040 LLC, the corporation formed to acquire the parcels, argued eminent domain would protect the mall’s future and keep it under local control. But the lenders argue any issues with loan servicer Rialto Capital Advisors could be resolved by paying off the mortgage loan, part of a refinancing in 2012. Written public comments on the eminent domain proposal remain open until Nov. 30. At stake is control and the future of the region’s preeminent shopping center, which supports roughly 4,000 jobs and
Binghamton University Pipe Dream
Local officials call on the state to support new affordable housing project
A bipartisan group of elected officials called on New York state to support the Stadium Lofts project, a $31 million mixed-use housing project in Downtown Binghamton to create more affordable housing. Binghamton City Mayor Jared Kraham, Senator Lea Webb, Assemblywoman Donna Lupardo, County Executive Jason Garnar, members of the Broome...
13 WHAM
Honeoye native shares tips on life planning in "Life Plan: Living by Design, Not Default"
Most people live their life on auto pilot without realizing how much control they actually have. After 30 years working in Commercial Real Estate, author and entrepreneur Rich Harris decided to make a change in his life. He wrote his new book, "Life Plan: Living by Design, Not Default". Harris...
riverjournalonline.com
Croton Resident Among Three Honored in Hispanic Heritage Month Celebration
New York State Senator Pete Harckham commemorated National Hispanic Heritage Month recently at Ossining Public Library with a special ceremony honoring three outstanding individuals—Manuel Coronel, Jr. of Croton-on-Hudson, Tito Davila of Somers and John “SohoJohnny” Pasquale of Bedford—for their exemplary work in the community. “Celebrating of...
mpamag.com
KeyBank wins cash sweep fight over tenant's early exit clause
A New York appellate court handed a commercial property owner a loss over a lease that looked like a fix but wasn't. The Appellate Division, First Department, unanimously affirmed the dismissal of claims brought by KB Green Valley North, DST against KeyBank National Association and Wilmington Trust. At issue: a cash sweep provision in a commercial mortgage loan agreement, and whether a tenant's extended lease was enough to cure it.