News: Brokerage

Grandstaff joins First Niagara Bank

First Niagara Financial Group, Inc. through its wholly owned subsidiary, First Niagara Bank, N.A. has hired Gary Grandstaff as vice president and senior relationship manager, business banking for the Tri-State Region. He reports to business banking team leader Sara Tucker. Grandstaff joins the bank as part of First Niagara's strong focus on the Tri-State market and its continued expansion of commercial resources to serve the needs of Hudson Valley businesses. He will be responsible for developing new commercial relationships throughout the region, with primary focus on Westchester, Putnam and Duchess counties. Gary will support the bank's existing commercial relationships and will be responsible for generating new commercial banking opportunities by growing commercial loans and deposit relationships with area companies that range from $2 million to $30 million in gross annual revenue. "Gary's impressive track record of attracting new relationships and providing exceptional customer service makes him a perfect fit for this position at First Niagara, and we are thrilled to welcome him to the team," said Ms. Tucker. Grandstaff joins First Niagara from Wells Fargo where he most recently served as Principal Relationship Manager and previously as Business Banking Manager. Prior to Wells Fargo, he held various credit and business development positions with Washington Mutual, North Fork Bank and Commerce Bank. Gary began his banking career with JPMorgan Chase New York, NY. He holds a degree from Mercy College in Dobbs Ferry, NY and has served as a guest speaker at St. John's University, Kean University and Hunter College. Gary is currently located in First Niagara's Tri-State Regional Office in Nyack, NY. He resides in Putnam Valley, NY.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,
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
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