News: Brokerage

Franasiak of Calamar named board chairman for WTC Buffalo Niagara

Kenneth Franasiak, CEO and chairman of Calamar, was appointed to serve a three year term as board chairman for World Trade Center Buffalo Niagara. World Trade Center Buffalo Niagara (WTCBN) has been serving companies and business leaders in our bi-national region of Southern Ontario and Western New York for 23 years. As a strong global business resource, WTCBN plays a vital role in the regional economic development of our bi-national region connecting businesses to the global economy, forming new partnerships, new growth opportunities and new revenue streams. "I am honored to have been appointed as board chairman for this prestigious organization." said Franasiak. "WTCBN collaborates with organizations and businesses in our bi-national region where there is an abundance of cross border commerce and helps facilitates the process. Our own company, Calamar, has assets and operations both here in WNY and Southern Ontario so I truly appreciate the mission of the WTCBN and what it represents. I am looking forward to furthering their mission as an international leader in commerce. WTCBN is a great vehicle for local companies to access global business organizations. Calamar is a full-service real estate firm comprised of construction, development, property management and finance & investment divisions for commercial and large-scale residential properties in the Northeast & Midwest regions. Calamar is headquartered in Wheatfield, NY and has offices in Omaha, NE, Woburn, MA and Niagara-on-the-Lake & Toronto, Ontario.
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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.
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 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