News: Brokerage

Burdett of Flaum Management negotiates leases for Rent-A-Center; assisted by Keller of Phillips, Seanco, Lauer of Widewaters

Flaum Management Company, Inc. has negotiated three new leases totaling 11,955 s/f on behalf of Rent-A-Center. Scott Burdett, vice president of marketing/brokerage services negotiated the deals on behalf of his client Rent-A-Center. Rent-A-Center has opened a 4,530 s/f space in D&L Plaza anchored by Top's Markets and Big Lots. The center is owned by Phillips Edison & Co. and was represented in-house by Tom Keller. In Penn Yan, Rent-A-Center has opened in a 3,825 s/f space in Lake Street Plaza anchored by Peeble's. The center is owned by a Seanco and was represented in-house. In Greece, Rent-A-Center has opened a 3,600 s/f space in Northgate Plaza anchored by Wal-Mart Supercenter. The center is owned by the Widewaters Group and was represented in-house by Tracy Lauer. Flaum Management is a full-service commercial real estate company based in Rochester, NY with extensive property holdings through the Northeast. Flaum Management Company, Inc. specializes in the development, redevelopment, and management of retail, office & industrial properties. Flaum Management is a leader in Landlord Representation, Tenant Representation & Site Selection, Investment Brokerage, Property Management, and Construction Management services.
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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
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.
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,

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