News: Brokerage

Gage of Charter Real Estate completes two sales totaling $1.247 million

Ryan Gage, of Charter Real Estate Brokerage, acting as exclusive listing agent, recently closed two medical office buildings totaling $1.247 million. In the first transaction, Gage sold Chili Medical Office Building for $950,000. Comprised of two modern office buildings totaling 24,000 s/f, the property is located 3171 & 3173 Chili Ave. located in front of the Chili-Paul Rd. Wegmans, to Buckingham Properties. Next, he closed the $297,000 sale of an office condo at Westfall Professional Park in Brighton to Dr. Aitezaz Ahmed of The Arthritis Center of Rochester. The buyer of the latter was represented by Jim Pappas of Jim Pappas Commercial Real Estate.
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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,

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