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Month: October 2025

Kara Magoolaghan Helps Mission Focused Clients Build Smarter Greener Capital Projects

Posted onOctober 21, 2025
Kara Magoolaghan helps mission-driven clients build smarter, greener capital projects.
Courtesy KMCG LLC

By Ann Donnelly

Kara Magoolaghan, principal of KMCG LLC and Chief Sustainability Officer of the Mulford Corporation, has built a strategic consultancy dedicated to navigating the complexities of capital projects. KMCG LLC primarily assists mission-driven clients—including nonprofits, government agencies, and small businesses—in building resilient and sustainable structures without compromising their core programming or missions.

Magoolaghan’s core value lies in acting as the comprehensive owner’s representative, providing specialized expertise for organizations often described as “understaffed”. The firm’s purpose is so that clien to put aside their day jobs to learn all about construction when they want to do a capital project”. KMCG’s scope is broad, covering everything “except for design and construction”. The firm guides clients through procurement, secures the right designers and construction partners, manages extensive documentation for permitting and approvals, coordinates construction management, and assists with complex financial processes, helping clients “build their capital stack” by coordinating with funders and securing investors.

One of KMCG’s most impactful functions is serving as a “translator,” simplifying the specialized language consultants use. Magoolaghan notes that many professional consultants—architects and engineers—speak “a totally different language,” making it difficult for clients to grasp project specifics. This specialized support is vital for smaller, nonprofit partners, where owners’ representation is often missing compared to the for-profit sector. KMCG currently works heavily in affordable housing but aims to expand into community centers, such as YMCAs and PALs.

The actual impetus for starting KMCG was specifically to help build green buildings and foster resilience. Magoolaghan, a Certified Passive House Designer, argues passionately that old buildings are not equipped to handle the future. “We need to change the way that we build so that we can prepare for what’s coming,” she asserts. The goal is to “build the most resilient and sustainable buildings possible so that they last longer, so that they’re more comfortable, and so that they’re equipped to handle the changing climate that we have”. This high-performance approach offers significant economic benefits, particularly for affordable housing clients who often retain maintenance costs. Magoolaghan highlights that if developers “put in that extra investment at the front end, you’ll pay less in utility costs at the back end”, a crucial saving given that utility and insurance costs have risen “astronomically” in New York state.

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Adirondack Salt Cave Brings Healing And Harmony To Downtown Glens Falls

Posted onOctober 21, 2025November 7, 2025
Dana Russell, owner of Adirondack Salt Cave, brings wellness and harmony to Glens Falls.
Glens Falls Business Journal

By Paul Post

Dana Russell has no trouble attracting people to her Glens Falls business, Adirondack Salt Cave LLC.

“The hardest thing is getting people up and out,” she said. “Nobody wants to leave.”

The firm’s soothing environment—walls made from blocks of beautiful peach-colored Himalayan salt—relaxing music and halotherapy, which promotes respiratory health and combats allergies, skin conditions and COPD, keeps clients coming back time after time.

“A lot of people come in after work and just need that Zen, that decompression from everything,” Russell said. “When they walk through the doors they’re just so happy to be here.”

A Warrensburg native, she’s been a licensed massage therapist for 18 years. But in 2016, a friend convinced her to visit a salt cave in Vermont. After finding a suitable space in the Union Square building at 11 Broad Street, she decided to create one of her own.

A former garment factory, the 126-year-old structure oozes with history and character. “We love it here,” Russell said.

Soon, a truck delivered four tons of Himalayan salt from Pakistan, procured through a New Jersey supplier, and a Texas firm spent eight weeks designing and building the site. Adirondack Salt Cave was open for business.

The “cave” is a 300-square-foot room with 12-foot ceilings that replicates the microclimate of deep natural salt caves. When lights are dimmed, the backlit Himalayan salt wall creates a mesmerizing glow.

“It’s a wow factor when you walk in,” Russell said.

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The Glens Falls Region Is Experiencing A Resurgence Of Commercial Real Estate Activity

Posted onOctober 21, 2025
Craig Darby of CBRE Upstate NY brokered the deal to sell 3 Highland Avenue in Queensbury.
Courtesy of CBRE Upstate NY

By Rod Bacon

According to area professionals, the commercial real estate market in the region is, while somewhat challenging, doing well.

In Glens Falls, there has been a significant resurgence of activity in this segment of the market. Projects by Bonacio Construction on South Street and one in conjunction with the Galesi Group on Hudson Avenue have led the way but other development has contributed as well. Developers like Chris Patten and Tim Barber have helped shape the look of the area.

Craig Darby, an associate with Albany-based CBRE Upstate NY, has brokered deals in Glens Falls for years.

On September 30, Behavioral Health Services North Inc. closed on a +/-8,800-square-foot office building at 25 Willowbrook Road in Queensbury.

Native Partners’ owner Tim Barber sold approximately 10 acres at 377 Corinth Road in Queensbury to F.W. Webb Company, which is constructing +/-90,000-square-foot showroom/office/warehouse facility. 

Barber is building an addition to the former Native Textiles facility at 24 Native Drive. The building houses multiple warehouse tenants.

Currently on the market for $2,900,000 is 3 Highland Avenue in Queensbury, a property zoned commercial/light industrial being offered by F.W. Webb. According to Darby, who is representing the seller, multiple commercial/industrial uses are permitted.

“All of this activity is very positive for Glens Falls and the region in general,” said Darby. “We are definitely experiencing an improving economy and a renewed interest in developing viable projects in the area.”

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Schultz Construction Companies Have Been Exceeding Client Expectations For Over 50 Years

Posted onOctober 21, 2025
W.M. Schultz Construction specializes in complex water and wastewater infrastructure projects.
Courtesy W.M. Schultz Construciton

By Rod Bacon

The Schultz family has a long history of providing high quality construction services in the Capital District and beyond.

Between a company started by William J. Schultz in 1970 and another subsequently launched by his son, William M. Schultz, in 2000, clients have benefitted from their expertise for 55 years.

William J. Schultz left his family’s 30-acre vegetable farm in Colonie in 1955 to join the U.S. Navy, where he was trained as a radioman. According to his son, following his four-year hitch he decided he “wanted to do something else with dirt” and took a job with Hoffman Excavating, a utility company in Colonie. He worked there for several years and in 1961 moved to Rosen-Michaels, a precursor to The Michaels Group. The company had its own land development arm called Glenmont Development Corporation and he was its general manager. 

“They would buy a parcel of land and it might be wooded or a farm field, and they would hire an engineer to design street layouts and determine the maximum number of houses permitted by zoning codes,” said Schultz. “Then Glenmont Development would do all the land clearing, utility installations, and road construction.”

There was a recession in late 1968 resulting in very little call for new housing starts. Because builders no longer wanted to develop raw land Rosen-Michaels decided not to continue with its Glenmont Development subsidiary. 

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Reading the Market: Why North Country Hotel Deals Are Trending Upward

Posted onOctober 21, 2025November 7, 2025
Mitchell B. Muroff Esq., Owner and Broker at Muroff Hospitality.

By Mitchell Muroff

Muroff Hospitality Group

As someone deeply rooted in hospitality real estate—having owned and operated multiple franchised hotels across the Northeast and Canada, and now brokering and advising hospitality assets throughout New York State and New England—I’ve witnessed plenty of market cycles. My firm’s nationwide database connects regional hotel owners with serious buyers and investors. Lately, one thing stands out: while the industry has faced its share of headwinds, hotel transaction activity has remained surprisingly steady.

Market Stability and Buyer Confidence

Across much of upstate New York and New England, occupancy levels have softened slightly since their post-pandemic peaks. Still, average daily rates (ADRs) have held firm, signaling that buyers continue to value well-located, well-run assets even as they become more selective.

Meanwhile, interest rates have started to ease after a long tightening cycle, bringing renewed attention to hotel acquisitions that show clear upside. Financing remains cautious, but deals are getting done—particularly when buyers combine traditional bank debt with other creative lending programs.

Financing and the Role of Local Lenders

In markets like Warren County, Saratoga, and the greater Lake George region, regional banks remain essential to hotel lending. Their familiarity with seasonal demand and tourism patterns allows them to underwrite transactions that larger national lenders might overlook.

Many buyers also rely on SBA 504 and 7(a) loans, which give lenders added protection and allow borrowers to secure 20- to 25-year fixed-rate financing on the SBA portion at competitive rates. This structure reduces lender risk while giving buyers predictable long-term debt service—an especially attractive option for smaller or first-time investors.

Even so, banks continue to scrutinize borrowers closely and often require more equity than before. Seller financing can help bridge the gap, though not every owner is willing to extend it.

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Former GE Hudson River Site Poised For Redevelopment As Canalside Energy Park

Posted onOctober 21, 2025

By Paul Post

An 80-acre former dewatering site for General Electric Company’s Hudson River dredging project is being readied for sale, with hopes of attracting an employer that would provide up to 100 jobs.

“We’re taking a very good site and making it world class,” said Chuck Barton, Warren-Washington Industrial Development Agency CEO. “Our goal is to find one large, well-established company to develop it for commercial activity. I’ll boldly predict that we’re going to sell that site before the end of 2026. It’s the type of site that will generate at least 50 jobs and more likely well over 100.”

Potential uses run the gamut from manufacturing devices for renewable energy components to distribution, storage and warehousing for a wood products firm.

Now called Canalside Energy Park, the property is just off Route 196 on the Champlain Canal in Fort Edward. IDA took over ownership after GE’s dredging was done.

It’s listed for sale with Berkshire Hathaway HomeServices Blake, Realtors for $8 million.

A large electric substation and transportation by rail, barge or truck are valuable features. “I would call it 75 percent shovel ready,” Barton said. “We’re in the process of expanding water capacity and adding sewer capacity.”

When completed, this could prompt firms previously hesitant about buying the site to make a firm commitment.

“Several companies are doing due diligence,” Barton said. “As we market the property, different buyers come with different needs.”

Funding for infrastructure upgrades come from state and federal sources including a $4.7 million FAST NY grant under Empire State Development, and the Northern Border Regional Commission, a federal-state program to boost economic activity in the most distressed counties of New York, Maine, Vermont and New Hampshire.

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Advokate Marks 15 Years Of Creative Growth With Community Celebration In Glens Falls

Posted onOctober 21, 2025
Kate Austin, center, celebrates 15 years of creative growth with her Advokate team.
Courtesy Advokate

Advokate, the Glens Falls-based marketing, communications, and design agency founded by Kate Austin, marked its 15th anniversary on Oct. 17 with a celebration and client showcase at its offices on Glen Street.

The open house drew members of the business community, local leaders, and clients from across the region. Attendees enjoyed refreshments from Rock Hill Bakehouse Café, live music by Stories Told, and DJ entertainment by All We Do Is Epic! The event also featured maple syrup sampling from Candy Mountain Maple, door prizes, giveaways, and displays from Advokate clients.

Remarks were offered by representatives of the Adirondack Regional Chamber of Commerce, the Lake George Regional Chamber of Commerce, New York State Assemblymember Carrie Woerner, and Austin herself, who thanked the community for its long-standing support.

Founded in 2009, Advokate began as a “honey-do” service for artists and has grown into a full-service agency offering branding, graphic and web design, digital marketing, videography, jingles, creative consultation, social media training, public relations, and startup support.

“We really grew in response to the community’s needs,” Austin said. “When clients asked if we could do something, we almost always said yes—and over time, those requests became new services. We love that no two workdays are ever the same.”

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