News: Brokerage

Klecar of Exit Realty Homeward Bound to lead team retained to excusively sell 317 Vestal Pwy. West

The Prism Commercial Team at Exit Realty Homeward Bound, lead by Karen Klecar, associate broker, has been retained to sell Hidy Ochiai's landmark Dojo. The "Dojo" at 317 Vestal Pwy. West, was designed by Hidy Ochiai, and it was originally built as a 6,200 s/f facility, with sauna and wood burning furnace. In 1976, an additional 3,600 s/f was added to its south side, along with a mezzanine. A new occupant will be able to take advantage of a free standing, wide span building with high ceilings and generous parking on a busy highway so much sought after today. Although the use will change, the well planned utility of the building will endure.
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Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,