News: Brokerage

CB Richard Ellis completes three transactions totaling $699,000

Ed Kiesa, CCIM, of CB Richard Ellis, was the exclusive listing agent in the $449,000 sale of 114-116 Hawley Ave., a 14,672 s/f wholesale parts showroom with warehouse. This will serve as an additional location for the buyer, Housing Visions, a company that buys homes in need of repair, and renovates them as part of its neighborhood revitalization efforts. The company will use the property as its warehouse and rental office to serve the northside community. Kiesa assisted the property's owner, R.E. Michel Company Inc., a wholesale distributor of HVAC equipment, parts and supplies, with selling this location, as well as finding R.E. Michel a new location on Washington St. In another transaction, Marty Dowd and Larry Van Der Bogart exclusively brokered the sale of two buildings at 935 and 943 W. Genesee St., which were part of the former Lewis Goodman Chrysler Plymouth properties, owned by Goodman Genesee, LLC. The 6,500 s/f building at 935 W. Genesee St. was purchased for $125,000. The 10,000 s/f building at 943 W. Genesee St., which was also purchased for $125,000, will be the site of Jams Auto Sales & Service, LLC, which is relocating from Old Liverpool Rd., Liverpool.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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