News: Brokerage

WNY NYSCAR hold Eight Annual Awards Dinner at the Buffalo Chophouse on February 12th

The Western New York Chapter of the New York State Commercial Association of Realtors (WNY NYSCAR) held its Eighth Annual Awards Dinner and swearing in ceremony for the 2009 board of directors Thursday, February 12. Held again this year at the Buffalo Chophouse downtown, the event sold out to an audience topping 130 attendees. The WNY chapter award for the largest sale transaction of 2008 was granted to commercial broker Steven Blake of CB Richard Ellis, for the sale of the APP Pharmaceutical building on Grand Island valued at $12 million to Astellas Pharmacuetical. The largest lease transaction was awarded to Joseph Deck of Realty USA, for a long term sublease of space at 907 E. Ferry St. to The Headstart program. Other award recipients included Carl Calabrese for the Meritorious Service Award and Merle Whitehead, CEO of Realty USA, for the Lifetime Achievement Award. In addition, recognition was given to the 1st and 2nd runners up of the largest sale and lease transaction and recognition of Kristin Badger-Bach for attaining her CCIM designation and Nick Malagisi for attaining his SIOR designation. NYSCAR would like to thank chairmen Alan Hastings, of Hastings Cohn Real Estate and Nicholas Malagisi, of Sperry Van Ness/Commercial Realty for organizing the event for the last seven years. NYSCAR would also like to thank Larry Brassel and Eric Tudor who made up the committee for this year's event, which has now become the premier event for the commercial brokerage community of Greater Buffalo Niagara region. This event was sponsored by the generous contributions of the following companies: * Gold Sponsorship: Krog Development. * Silver Sponsorship: Acquest Development, Buffalo Niagara Enterprise, CB Richard Ellis of Buffalo, Casilio Real Estate & Development, Ellicott Development, Key Bank and Realty USA. * Bronze Sponsorship: First Amherst Development Group, LLC, Pyramid Brokerage, TM Montante Development, Uniland Development and Watson-Bennett Attorneys.
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking