News: Brokerage

McGuire Development assists in relocation and disposal of properties

Since 2009, McGuire Development Company has handled the asset management for three of the Cantalician Center for Learning's campuses. Recently, the Center's executives tapped into McGuire Development's tenant representative services to help research and strategically identify potential properties as they look to expand and relocate within the Buffalo metro area. At the same time, McGuire Development's real estate services group is assisting with the disposal of two of the center's properties. The first features four buildings totaling 52,000 s/f on three acres at 3233 Main St. in Buffalo while the second property features 62,000 s/f on four acres at 1350 Eggert Rd. in Amherst. The Cantalician Center for Learning serves more than 500 clients annually, employs a staff of 250 individuals and maintains three campuses comprising more than 185,000 s/f. In 2009, McGuire Development Company utilized its signature transparent process to implement a facility development and property management plan for the Cantalician Center that focused on immediate property stabilization and planning. This gave executives time to evaluate and strategically implement a full scale plan for short and long-term property growth. "We brought to the table extensive experience in managing facilities similar in nature to those of the Cantalician Center," said Jim Dentinger, president of McGuire Development Company. This includes Medaille College's Amherst campus, multiple class B and C office facilities as well as health care facilities and medical office buildings throughout Western N.Y.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.
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 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,