Category Real Estate News

A PUSH For Green In Western New York!

push-green

A new green building retrofit program which as was created by PUSH Buffalo, PUSH Green, Buffalo Neighborhood Stabilization Co., and Empire State Development in Erie, Chautauqua, and Niagara countries has been created for small business and non-profits.

Assemblyman Sean Ryan, R-Buffalo stated “This program will mean lower costs to small businesses and a better future for the environment, something all Western New Yorkers will benefit from. New York state should continue to fund vital programs like the PUSH Green initiative.”

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UB Ranks Second for SUNY Medical School Enrollment

UB

According to a SUNY news release based on information gathered from the Association of American Medical Colleges, the leading destination for in-state residents seeking medical degrees are the SUNY schools.  More in-state residents chose SUNY medical schools over more costly private school options.

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MAJOR Changes To PMI Requirements For FHA Mortgages

changes to pmi requirements for fha mortgages

Are you considering buying a home using an FHA mortgage?

Effective June 3, 2013, PMI (private mortgage insurance) will be required for the life of any FHA loan.

Currently, PMI disappears after 22% of the principal is paid on the home OR after 5 years, whichever is longer.

This new requirement will DRASTICALLY change the FHA mortgage program, pushing many potential buyers that much further from home ownership.

Some banks are offering programs that will cut the PMI with a larger down payment. Speak to your mortgage broker for more information.

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Discussions For The HSBC Tower Will Be Held This Week

hsbc tower

A panel of urban development leaders in met on Monday with a focus on downtown’s tallest office building – the HSBC Tower – and what direction to take the building in the future.

Approximately 40 members of the Urban Land Institute,  with members all over the country, have come to Buffalo to spend a few days visiting the 38-story, 851-thousand-square-foot tower to come up with a solution and use for the downtown icon.

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Brown, Paladino Accounce $75M Waterfront Project

Paladino's $75M waterfront project planned

Carl Paladino has been eyeing land near the Erie Basin Marina for a $75 million project bearing the name“The Carlo”.  The project name is an homage to Paladino’s grandfather.  Mayor Brown delivered news of the project on Friday afternoon during his State of the City address.

The proposed project will include Class A office space, apartments, a 138-room hotel, a spa and of course, restaurants.  For the second year in a row, Mayor Brown has announced major projects in the downtown region during his State of the City address.

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Sabres’ HARBORcenter Will Begin Construction Next Month

Harbor Center

Major changes are coming to the Webster Block in downtown Buffalo!

Last Tuesday, several agencies gave their approval to the Buffalo Sabres to continue working on their plans for HARBORcenter. This project will cost approximately $170 million for a 650,000 square foot facility.  It will feature a 200 room hotel, sports bar, two ice rinks, restaurant and other retail shops. The HARBORcenter wants to focus on creating a regional tourism destination for amateur hockey.

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