News: Brokerage

Burdett of Flaum Management negotiates 2 leases totaling 10,644 s/f

Flaum Management Company, Inc., a full-service real estate company, has negotiated a new 5,844 s/f lease at Maplewood Plaza in Rochester and a new 4,800 s/f lease at Delaware Consumer Square in Buffalo. Scott Burdett, director of marketing/brokerage services for Flaum Management Company, Inc. negotiated both deals on behalf of his client Rainbow Apparel. The Rochester store will be the 5th new location in the Rochester market in the last 3 years. Located at the corner of Lake and Driving Park Aves., Maplewood Plaza is a 26,000 s/f neighborhood strip center with national retailers Rent-A-Center and Dollar General. Rainbow is taking a freestanding building formerly occupied by Hollywood Video. L.L.D. Enterprises owns the center and was represented in-house by David & Wendy Dworkin. The Buffalo store will be the 1st new location for Rainbow Apparel in recent years. Located at the corner of Delaware and Hinman Ave., Delaware Consumer Square is a 239,000 s/f regional shopping center anchored by Target, A.J. Wright and OfficeMax. Rainbow is taking an outparcel space fronting Hinman Avenue formerly occupied by Avenue. The center is owned by Developers Diversified Realty and was represented in-house by Jason Chwojdak.
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
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