News: Brokerage

Benefits of joining Grt. Buffalo BOMA: An opportunity for professional dev.

Membership in Greater Buffalo BOMA is on an annual, calendar basis. Dues are $560 per year, additional members from the same company receive a 40% discount and pay only $360 per year. If you are interested in becoming a member, please visit Greater Buffalo BOMA's website (www.bomabuffalo.com) for the membership application. Complete the requested information and then submit it to Greater Buffalo BOMA, along with your check for membership dues. The benefits of membership can be found both on the personal level and as a professional in the local market. First and foremost, the number one benefit of membership in BOMA is the opportunity to network with fellow professionals in your field of employment. Meet with people on a monthly basis who know the challenges you face, and deal with the same issues in their daily operations. Share knowledge and information, and walk away with new ideas and solutions. Other benefits of membership include the opportunity to access information on current market trends and conditions not generally available to non-members. BOMA also presents the opportunity for professional development by hosting seminars and "webinars," or web-based sessions, which focus on growing information and trends in LEED certification, reducing a property's carbon footprint, and reducing the cost of energy consumption. Greater Buffalo BOMA is a federated chapter of BOMA International, a worldwide business association designed to promote and look after the interests of commercial office building ownership and management. They represent a diverse community of developers, property owners, building managers, and vendors to the commercial office building industry. Greater Buffalo BOMA current officers include: * President: Jeff O'Bannon, Ellicott Development. * President-elect: Mary Battey, Seneca One Realty. * Second vice president: Colby Smith, RPA, CPM, McGuire Development. * Secretary/Treasurer: Tina Coppins, Appletree Business Park. For more information about joining Greater Buffalo BOMA visit their website at www.bomabuffalo.com or call (716) 856-8607.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent