
Buffalo, NY CBRE Upstate NY, an affiliate of CBRE, and ORION Office REIT Inc. secured the lease of 160,000 s/f of office space to Ingram Micro as the first tenant to sign on at the rebranded Genesee Towers at 257 West Genesee St.
Lida Eberz and Jeffrey LiPuma of CBRE Upstate NY’s Buffalo office represent the ownership of Genesee Towers in all leasing activities at the property.
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,