News: Brokerage

Fitzmaurice of Seneca One speaks at One HSBC Center Greater Buffalo BOMA roof top tour

Sixty Greater Buffalo BOMA members took in the view from the rooftop of One HSBC Center. Stephen Fitzmaurice, RPA, Seneca One Realty LLC COO, spoke about the history and construction of the building, and answered questions during a pre-tour luncheon. One HSBC Center is owned and managed by Seneca One Realty LLC. One HSBC Center is formerly known as the Marine Midland Center. Its name was changed when Marine Midland's parent company HSBC re-branded the bank as HSBC Bank USA. It was constructed at a cost of $50 million between 1969 and 1972, and contains over 1.2 million s/f. Today, the 40-story office tower dominates the skyline, at 529 ft. high. Greater Buffalo BOMA members also enjoyed dinner and casual conversation during the July 16 Bisons Baseball Outing at Coca-Cola Field. BOMA members and friends gathered on the Heron's Landing Party Deck to watch the Buffalo Bisons take on the Toledo Mud Hens., despite the Bisons' unfortunate 6-2 loss. Upcoming events for Greater Buffalo BOMA include the following: * Monday, August 24: Annual Golf Outing at the Arrowhead Golf Club, Akron with a 10:30 a.m. shotgun start. A portion of the proceeds to benefit Upstate New York Transplant Services. * Monday, October 5: Prosperity Buffalo Vendor Fair at the Adams Mark Buffalo from 11 a.m. - 3 p.m. To register or for details: contact Jennifer Aiple at (716) 856-3801 or [email protected].
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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
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,

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