March 2020 Print

President's Report

What a time we are living in. As families, companies and citizens are impacted by COVID-19, we at NAIOP Upstate New York will continue to monitor the situation and plan accordingly. As a chapter we will come together when prudent to discuss how we can work together as local industry leaders who will be an important part of the recovery. Being united and visible is vital.  Until then, we support your priorities with your families, businesses and community. I encourage you to join tomorrow's Webinar, provided through NAIOP Corporate to plan for the recovery. I also have provided a link to expressed sentiments from around the country to emphasize that we are in this together. Be well, and I look forward to seeing you soon.

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Upcoming Events

First, a big thank you to Bryen Alpern, Foss & Company; Alex Carducci, City of Buffalo; Jon Sorrel, Twain Financial and Sarah Smiley of EIC who provided an overview of the PACE program and discussed next steps in our area at our March 5 Breakfast and Learn event at The Buffalo Club.

Until our next event, we encourage you to attend NAIOP Webinar's about the impacts of COVID-19.  The next Webinar is Wednesday, March 25 at 2PM:

MACROECONOMIC Impacts of COVID-19: Potential Implications for CRERegister here


This section will return when social distancing measures are no longer prudent.  At that time, NAIOP members and sponsors can request for events to be promoted in the NAIOP newsletter by contacting Amy Nagy, at [email protected]

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Advocacy News

The New York State budget is due April 1, 2020. The expansion of prevailing wage requirements on private development projects remains a major concern for the development community. It is especially distressing given the present health and economic crisis stemming from COVID-19. Please consider contacting your legislator to express opposition to any action on prevailing wage in 2020 given the far greater priorty of protecting our workers, businesses, and communities during this time.

NAIOP Corporate will continue to offer a series of web programming on the impacts of COVID-19 on the Commercial Real Estate Industry. We must stay informed to advocate for balanced responses. You can submit questions to expert panels and listen here.

Want to be involved in local advocacy and issues? Contact Dan Leonard at [email protected]

Looking to stay in touch with legislative priorities at a national level? Take a look at this overview for 2020.

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Good news! LARGO CAPITAL has opened a Rochester location to launch the firm's commercial mortgage orgination office.  The office will be served by Max Dowd, CPA,  who will be the Vice President, Originations and Nancy Van Isengem as Analyst. 

We will look forward to an event to celebrate the opening when prudent! In the meantime, congratulations to them!

NAIOP Sponsors and members are invited to share news about projects, staffing, or other events by submitting it to the Chapter. Hiring for a new position? Let us post a link. Have a project coming online? Send us an announcement. Sponsoring a favorite not for profit? Let us know!

Your local chapter news is the place to share information of interest to the local real estate development community.


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