News: Brokerage

Glazer of Buckingham Properties brokers office lease to Scottrade at Oak Hill Commons, Pittsford

The first tenant at Oak Hill Commons on Monroe Ave. has opened its doors for business. Scottrade relocated its Rochester Branch Office to 3070 Monroe Ave. in Oak Hill Commons, a new office and retail project managed by Buckingham Properties. "We are pleased to have such a well-known, established business as Scottrade as our initial tenant at Oak Hill Commons," said Rick Glazer, leasing and tenant relations specialist for Buckingham Properties. He said at least one other lease is signed and a number of others are in the negotiation process. The new project consists of 21,000 s/f of space spread over five buildings. Two buildings are stand-alone one-story structures and the other three are two-story structures connected by common stairwells, walkways and an elevator. Parking is provided at the rear of the buildings facing Oak Hill Country Club. The design of the structures is similar to those at Spring House Commons, located across the avenue. Spring House Commons was built around the former Spring House restaurant (now Northfield Food & Drink) and completed in 2006. "It's a very comfortable, modern design that allows for some individuality of each business," said Don Lasher, VP of operations for Buckingham Properties. "Scottrade customers who live and work in the Pittsford area will find this office more convenient to visit," said branch manager John Tanner. "We offer one-on-one customer service, as well as branch seminars, to help customers make better-informed investing decisions." The branch's former office was located on Gibbs St., downtown Rochester.
MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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 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.