News: Brokerage

Rochester Self Storage LLC acquires Deep Discount Mini Storage; Quigley of Harter Secrest reps buyer

Rochester Self Storage LLC acquired Deep Discount Mini Storage from Flower City Storage Operations LLC. The self-storage facility is located 265-271 Hayward Ave. and the new owner intends to renovate the facility and rebrand it under a new trade name. Storage Asset Management of York, PA will manage the self-storage facility for Rochester Self Storage LLC and the new owner intends to expand its self-storage concept to other markets both in NYS and nationally. Nicholas Malagisi of Sperry Van Ness International Corp. brokered the transaction on behalf of the seller and the buyer was represented by Patrick Quigley, Esq., partner at Harter Secrest & Emery LLP.
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Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their