News: Brokerage

McGuire Development retained to market 32,907 s/f Kadimah School

Vito Picone of McGuire Development Company's real estate services group, has been retained to market and broker the 32,907 s/f Kadimah School located at 1085 Eggert Rd. The building sits on 5 acres and features more than $5 million in recent renovations. It includes 316 ft. of frontage, ample off-street parking, a bus loop, athletic fields, state-of-the-art mechanicals, spacious room sizes and an excellent floor plan. The site is located just minutes from the University at Buffalo's South Campus and Amherst/Buffalo amenities. "This property makes for an excellent existing or reuse opportunity," said Picone, director of business development for McGuire Development Company. "The facility is in impeccable condition with numerous upgrades and finishes. What makes this site unique is that it's difficult to find a property of this type in Amherst that offers such desirable square footage, acreage and an overall excellent condition." McGuire Development Company's full spectrum of services is focused around its signature Transparent process. This includes clear, open dialogue with current and potential clients regarding all aspects of a business transaction, a practice that actively challenges the industry's status quo.
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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
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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,