News:
Brokerage
Posted: August 13, 2024
Empire nears completion of Red Cross Blood and Platelet Donation Center
Fairport, NY Empire Commercial Construction is nearing completion of their contract for the newly expanded American Red Cross Blood and Platelet Donation Center. Empire partnered with LIVE Design Group for the associated buildout of the 4,000 s/f space within Perinton Hills Shopping Center, located at 6687 Pittsford-Palmyra Rd. Completion is expected by September of 2024.
The blood donation center in the Perinton Hills Shopping Center is where members of the community will come together to drive the lifesaving work of the American Red Cross of Greater Rochester and better meet the growing need for blood products. The new blood donation center features some of the following updated spaces: donation collection area, welcome reception area, canteen, five health history exam rooms, staff kitchen/lounge, and a donor recognition wall.
“Empire is proud to establish a relationship with the American Red Cross,” said Empire president, Jayne Penepent. “This new donation center will help to increase the collection of important, life-saving blood products in the Fairport and Greater Rochester communities.”
Tags:
Brokerage
MORE FROM Brokerage
Retreat at 490 Wheeler Rd. in Hauppauge
Hauppauge, NY Robert Raffa and Robert Monahan of Island Associates helped to negotiate a long-term lease for Retreat, a non-profit organization located at 490
Quick Hits
Columns and Thought Leadership
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
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
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 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.
