News: Brokerage

CBRE-Buffalo receives two awards at NYSCAR dinner

CB Richard Ellis - Buffalo received two awards at the Seventh Annual WNY chapter of the New York State Commercial Association of Realtors (NYSCAR). Shana Stegner and Jeffrey LiPuma received the 2007 Largest Lease Transaction Award. The team was the exclusive tenant representative for Tower Group, Inc.'s relocation and expansion to Ciminelli Development's 600 Essjay Rd. Tower Group occupies the 19,000 s/f stand-alone class A office building in Centerpointe Corporate Park. Michael Clark, in conjunction with CBRE-Rochester's Andrew Dollinger, received 1st runner up for Largest Sale Transaction. The team represented Wegmans in a 209,199 s/f investment sale located at 2001 Walden Ave. in Cheektowaga. This is the third year in a row that CBRE-Buffalo has been recognized by NYSCAR. Previously, at NYSCAR's 2006 Awards Dinner, CBRE-Buffalo received Largest Sale Transaction Award for Home Properties portfolio sale and 1st Runner up for Largest Lease Transaction for tenant representation of AG Edwards. In 2005, CBRE-Buffalo was the recipient of the Largest Lease Transaction Award for BlueCross BlueShield's 450,000 s/f headquarters building downtown and 1st runner up for Largest Sale Transaction for 2777 Walden Ave.
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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
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,