DOWN TO BUSINESS: Heating, electric costs among latest expenses to increase

DOWN TO BUSINESS: Heating, electric costs among latest expenses to increase

DOWN TO BUSINESS - If you’re like me, now is the time of year you play the Thermostat Game, or seeing how far into October you can get before turning the heat on. I’ll confess to succumbing this week, after days of layering up as if headed to a Friday night football game rather than to my laptop in a shivering-cold home office. National Grid has been warning it will be a tough 2022-23 winter heating season, with the average upstate customer paying about $263 more than last year over the November-March period for natural gas and about $116 more for electricity.…
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EDITORIAL: Don’t let TV report affect Gloversville police chief’s status

EDITORIAL: Don’t let TV report affect Gloversville police chief’s status

Gloversville Police Chief Anthony Clay could have handled a TV report on the city’s opioid situation better. No doubt about it. He should have let the mayor and other city officials know about the report and his participation in it before the news feature aired. He should have thought harder about how the city was being portrayed and he should have provided the TV crew with more accurate information about the city’s problem compared to other Capital District cities. The report made the city look bad, with some feeling that it painted Gloversville as the poster child for the region’s…
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Down to Business: Seritage situation only gets more confusing

This is starting to get confusing.Seritage Growth Properties, owner of former Sears and Kmart sites nationwide, now says it wants to sell all of those real estate holdings, pay off liabilities and dissolve.The plans are detailed in a preliminary proxy filed with regulators for an annual shareholders’ meeting at a yet-to-be-determined date.According to the document, amended last week, pursuing multiple deals with different buyers is preferable to trying to sell the company as a whole, since the “diversified nature of our portfolio” — residential, retail and mixed-use — means there is “low likelihood” of finding one buyer.So Seritage asks that…
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Down to Business: Pyramid moving forward with expansion plans that include residences

By Marlene Kennedy For The Leader-Herald Mall owner Pyramid Management Group finally is getting some traction on long-touted plans to expand beyond retail to ensure its future. The Syracuse-based company, with nearly 18 million square feet of gross leasable space at 14 properties in New York and Massachusetts, has been adding entertainment options to its malls as traditional retail anchors faltered. Now, bowling alleys, arcades, trampolines and bumper cars are as common as storefront mannequins. And beginning this summer, you can live at a mall, too. Commercial developer Trammel Crow Residential of Dallas opened the first phase of an apartment…
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Down to Business: Hybrid work continues to evolve

Drug store retailer Rite Aid last month opened what it dubbed a “corporate workplace of the future,” moving its headquarters to Philadelphia from a suburb in central Pennsylvania.In a nod to the COVID-19 pandemic and how it changed the rhythm of work, the new space is just 23,000 square feet and has no individual offices. Instead, conference rooms abound, equipped with the latest gadgets, to encourage periodic in-person collaborative visits. Otherwise, the company’s corporate staff, which numbers some 2,800, continues to work remotely.That’s how many of us got through the early days of the pandemic, and we’ve come to like…
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ENDORSEMENT: DeSantis has earned a full term as Gloversville’s mayor

ENDORSEMENT: DeSantis has earned a full term as Gloversville’s mayor

The city of Gloversville is finally headed in the right direction when it comes to finances, addressing blight, improving recreational opportunities for citizens, securing grants and making the city more friendly and open to business. To keep that momentum going, it needs a steady hand at the top with the experience, temperament and a history of solving problems. So when Gloversville voters go to the polls to elect their mayor on Tuesday, they should stick with incumbent Democrat Vincent DeSantis. DeSantis, a former prosecutor, city judge for over 20 years, former councilman and councilman-at-large, is just finishing out the term…
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