News: Brokerage

Buckingham Properties has closed several deals in the last two months - over 100,000 s/f in Monroe County

Buckingham Properties has closed several deals in the last two months. The Buckingham team recently leased over 100,000 s/f in Monroe County, a testament to the strength and growth of the Greater Rochester area. New Leases: * Bryant & Stratton signed a long term lease for 32,600 s/f at Stoney Creek Business Center, a ground- up development located in Greece. The project, a joint venture with LeFrois Builders will also include a 17,000 s/f retail strip center and 11,000 s/f pad site. * BDR Express signed a lease for 52,000 s/f at Gateway Business Center. * Countryside Building Supply & Cabinet Works leased 3,250 s/f at Buffalo Road Business Center. * Veritas Wine Bar signed a new lease for 1,252 s/f at Alexander Park. * Century Asphalt Maintenance leased 1,200 s/f at Gateway Business Center. * Sofia's Café signed a lease for 2,500 s/f at the Michaels-Stern Building; * Kevin O'Neill signed a lease for 3,000 s/f at Lyell Business Center for a welding and fabrication business Renewals & Expansions: * La Tea Da & Sugar Mountain Bake Shop renewed at Alexander Park. * Sigmadyne renewed and expanded their space to 1,156 s/f at West End Business Center. * MMI Logistics renewed and expanded to 12,250 s/f at Buffalo Road Business Center. * Foundation Financial Group renewed their space at the Washington Building. * Ferris Agency renewed their space at Citygate Plaza. Buckingham Properties is one of the largest and most diverse real estate development and property management companies in the area. Buckingham focuses on opportunistic development projects in Greater Rochester and takes pride in its combination of resourcefulness and significant experience to accommodate the needs of tenants with its' diverse real estate portfolio. The company currently owns and manages more than 40 properties comprising over 8.5 million s/f of rental space in the Greater Rochester region.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,

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