News: Brokerage

Geiger of McGuire Development facilitates 2,500 s/f lease at 665 Main Street, Buffalo

Buffalo, NY McGuire Development Company, a local commercial development, real estate consulting and property management firm, arranged the 2,500 s/f lease of retail space at 665 Main St. to Peter Eid and Jonathan Eid. Peter and Jonathan plan to open Mezza, a European style café in early spring after renovations are completed. This will be the second restaurant for the brothers, with the original Mezza located at 929 Elmwood Ave. in Buffalo. According to Peter and Jonathan, the ability to locate along the 600 block of Buffalo played a key role in choosing the site. “Traffic on Main Street, the tenants that are currently in the building and the resurgence of Buffalo all gave us a nice little push to make the decision,” Peter Eid said. Jim Geiger, associate broker for McGuire Development Company, facilitated the lease.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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,
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
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