News: Brokerage

Pavia Real Estate Services completes 4 transactions - $2.469 million

Pavia Real Estate Services has completed the following transactions: Dollar General, Elmira Pavia Real Estate Services represented the buyer, David Mazloom, in the $979,000 sale of 1146 Broadway St. Donovan Real Estate Services represented the seller, Lawrence Tillack. 5046 Commercial Dr., Whitestown Dominic Pavia and John Jweid of Pavia Real Estate Services represented the buyer and the seller in the $800,000 sale of 5046 Commercial Dr. The buyer was Pals, LLC and the seller was Cooper Properties. 4948 Commercial Dr., New York Mills Pavia represented the buyer, John Paolo's Xtreme Beauty Institute, in the $440,000 sale of 4948 Commercial Dr. The seller was Adirondack Bank. 270 Genesee St., Utica Pavia represented the buyer and the seller in the $250,000 sale of 16,000 s/f 270 Genesee St. The buyer was Mazloom and the seller was United Way.
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Columns and Thought Leadership
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,
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