News: Brokerage

Greater Rochester Enterprise launches online mapping tool

Greater Rochester Enterprise (GRE), an economic development organization, unveiled a new service on its website, www.RochesterBiz.com, to provide senior business executives, site selectors, and corporate real estate brokers with even more detailed information on the advantages of doing business in the region. GRE is one of the first in NYS and one of a select group of economic development organizations around the country to publicly offer this service. With the click of a mouse, business leaders may now view commercial sites and buildings available in the region's nine counties, as well as corresponding "dot on a map" demographic analysis reports, business analysis and dynamic mapping. This information is customized to deliver data within a selected mile radius or drive time to a specific site or building. These enhancements to GRE's website were made possible through support from National Grid and Finger Lakes WIRED. These new features expedite and simplify the process of business attraction and site selection for expanding and relocating businesses. It does so by efficiently answering the main questions business leaders have when they are conducting a site selection analysis. These questions include: * What sites and buildings are available in your community that fit my specific business criteria? * What are the market characteristics (demographic, available workforce, cost of labor)? * What are the business synergies and opportunities in unique locations of your community? * What are the unique geographic characteristics and advantages?
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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.
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,