News: Brokerage

McGuire Development welcomes Langston Hughes Institute Center; As temporary tenant to 150,000 s/f campus

The Sheehan Hospital building, located at 425 Michigan Ave., was purchased by McGuire Development Company in December is welcoming Langston Hughes Institute Center as a temporary tenant at the Michigan Ave. facility. While working with Langston Hughes on a larger project, McGuire Development learned they had recently lost their lease. McGuire stepped in and came to their aid, housing their administrative office as well as accommodating them with storage space for a few months. Langston Hughes will continue the planning of their new museum and facility. Langston Hughes is a cultural and educational institute for the African American population. "We're pleased that this temporary location will fit the needs of an organization that is so vital to our area's cultural and historic communities," said James Dentinger, president of McGuire Development. "We felt it was a great fit for them to temporarily reside along the Michigan Corridor." Executives from McGuire Development have been working with state and local stakeholders and constituents with an interest in supporting the east side community's growth objectives, as well as that of the entire Buffalo region. The property is situated at the hub of the growing Buffalo Niagara Medical Campus, Larkinville's continued westward expansion and adjacent to the city's central business district. McGuire has also worked with local community leaders to ensure that the new vision for the facility compliments the Michigan St. corridor development initiative and the neighborhoods that are interspersed among it. McGuire is intending to fill the 150,000 s/f campus with tenants focused on clinical medical delivery, science and technology operations and workforce educational training, as well as community revitalization organizations. McGuire Development provides a full spectrum of transparent real estate services including brokerage, development, redevelopment, property management and owner real estate services/capital projects.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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