News: Brokerage

Mayor Brown introduces "5 in 5" Demolition Plan

Mayor Byron Brown recently launched his new "5 in 5" Demolition Plan. The plan targets demolishing over 5,000 structures in five years. The estimated cost of this initiative, over five years, is $100 million, with an anticipated contribution of $60 million from NYS, $20 million from the city, $15 million from the federal government and $5 million from a city-community matching fund program (city will match goal of $2.5 million raised from community funding sources). "The '5 in 5' Demolition Plan will be an accelerated, comprehensive, citywide attack on the dangers and blight of vacant structures," said Brown. "Buffalo's high vacancy rate is a serious problem that must be treated aggressively and the new '5 in 5' Plan will do just that."
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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
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
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,
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.