News: Brokerage

Geiger of McGuire Development Co. Real Estate Services Group facilitates $925,000 sale

McGuire Development Co.'s Real Estate Services Group has completed the sale of the former Perkins restaurant located at 4245 McKinley Parkway to A & J Ming LLC for $925,000. The transaction was facilitated by Jim Geiger, director of business development for McGuire. This is the second transaction on six listings being handled by Geiger. He is working with interested parties to broker two remaining properties in Amherst and Niagara Falls as well as two in the Rochester suburbs of Gates and Greece. In addition to Friday's closing in Hamburg, Geiger has sold a location in Penfield, a suburb of Rochester. The free standing facilities include 5,791 s/f with seating for 210-240. The Hamburg property also included equipment and assets. "All of these properties are positioned in prime locations with plenty of parking and customer access," Geiger stated. "I'm excited about the possibility of a new restaurant opening at the Hamburg location." McGuire Development Co. provides a full spectrum of transparent real estate services including brokerage, development, redevelopment, property management and owner real estate services/capital projects.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,