News: Brokerage

Blake and Mychaskiw of CBRE broker $1.426 million sale; Chosen by Rochester/Buffalo Realty

Rochester/Buffalo Realty invited five area commercial brokerages to meet and present their firms, discuss marketing programs, experience/market knowledge and property valuation. Based upon these criteria, Steve Blake and Lida Mychaskiw of CBRE|Buffalo were selected as the exclusive broker representatives for the subject property. The property was engaged in a bid sale and secured multiple competitive bids from prospective buyers, with Anderson Equipment Co. ultimately obtaining the site for $1.426 million. The former 36,274 s/f Milton-Caterpillar site is located on 3.2 acres on 2140 Military Rd. and looks out on Youngman Hwy. CB Richard Ellis|Buffalo is a CB Richard Ellis affiliate office serving WNY. The firm assists real estate owners, investors and occupiers by offering strategic advice and execution for property leasing and sales; property, facilities and project management; corporate services; debt and equity financing; investment management; valuation and appraisal; research and investment strategy; and consulting.
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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
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
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,
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,