News: Brokerage

Bent of Charter represents buyer in $3.775m sale of 42,000 s/f office building

The class A four-story office building 90 Air Park is located directly across the Rochester International Airport. The building is 100% leased and contains a helicopter pad and hanger space. The building faces the main runway and the airport terminal. Richard Chiarenza, president and owner of Frontier Management of New York, Inc. is the buyer of the Air Park office building. Chiarenza wanted a corporate presence for his growing property management firm that owns and manages fifteen apartment communities, which represents 1,200 units in the greater Rochester area. Moving his corporate headquarters to Air Park is central to Chiarenza's plans for future expansion and acquisitions. Jack Bent of the CHARTER Brokerage division of The Cabot Group, served exclusively as Chiarenza's buyer agent for site selection and negotiations. Tom Lockwood of Keller Williams-K W Commercial represented the seller, Norcross Aviation.
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Columns and Thought Leadership
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
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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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