News: Brokerage

McGuire Development unveils new $6 million project for new Maple Ayer Corporate Center

McGuire Development Co., LLC is underway on their plans for the renovation of the former 18,000 s/f Evangel Assembly of God Church, and the construction of a new, two-story, 46,000 s/f building with contemporary architectural design, large floor plates and green design elements. The medial/office complex is exclusively located at Maple and Ayer Rds. within proximity to Millard Fillmore Suburban Hospital and the Amherst Medical Corridor. McGuire Development purchased the church and accompanying properties covering 5.5 acres with the intent to develop the property for a proposed medical/office complex. "A collaborative process with the local neighbors and stakeholders resulted in the unanimous approval by the Amherst town board in fall 2009," said James Dentinger, president of McGuire Development. Build-to-suit and joint venture opportunities are now available. "We have received positive feedback from the community, and met with several parties interested in leasing space," said Dentinger. "The crossroads location and nearness to the hospital and other complimentary medical/professional services is creating a high-demand for this complex." McGuire Development and architect Carmina Wood Morris, PC are working together on this $6 million project. The two companies are nearly finished Wehrle Professional Center in Williamsville. The synergistic relationship between the two companies has allowed for exceptional buildings, delivered on-time and under budget. Their first development project in 2007, Brain and Spine Center in Amherst received accolades from the town of Amherst and Business First, for best medical complex. McGuire Development prides itself with its continued "Transparent" business philosophy, where stakeholders are allowed a seat-at-the-table. For more information, visit www.mcguiredevelopment.com.
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
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
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.
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,

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