News: Brokerage

Mancuso Group selected by GLDC to revitalize a 475,000 s/f building

A 475,000 s/f building in the city's downtown area is being revitalized to help small businesses start, grow and create jobs. The Mancuso Business Development Group has been hired by the Greater Lockport Development Corp. (GLDC) to lead the project. The GLDC's objectives for the property, originally built as the Harrison Radiator manufacturing plant in the early 1900s, are to create jobs, improve the property and become profitable in a three-year period. The building will be renamed "Harrison Place" and will focus its marketing efforts on entrepreneurs in the region, including the greater Buffalo area, Niagara County and Ontario, Canada. Small businesses create more than 70% of net new jobs in America according to the U.S. Small Business Administration. 98% of Niagara County business establishments are small businesses (almost 78% have fewer than nine employees). In addition to a $250,000 grant from senator Masiarz, a Restore NY grant of $1.5 million has just been awarded. The combination of these kinds of programs with improvements in building operations is expected to fund the revitalization.
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
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
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.