News: Brokerage

Picone Construction continues work on $4.5 million mixed-use building

Buffalo, NY Picone Construction Corp. continue work and have completed one of the following projects: Picone Construction Corp. continues work on the development at 301 Ohio St. in Buffalo. The $4.5 million, 52,000 s/f five-story mixed-use building will house two restaurants, 10,000 s/f of commercial space, and 21 one and two-bedroom apartments. Units will also include balconies overlooking the Buffalo River. The building, designed by Chaintreuil, Jenson, Stark Architects will include a façade of concrete paneling and Corten weather steel cladding. Completion of this project is scheduled for 2016. Picone has also started renovations and an addition to Emerling Ford located at 150 South Cascade Dr. in Springville. Work includes: selective demolition, concrete flatwork, masonry, millwork, insulation, metal composite panels and metal siding (ribbed metal siding panel), roofing, firestopping; caulking, doors and hardware, aluminum storefront/curtain wall systems and glazing, carpentry and acoustics, ceramic tile, carpet and vinyl composition tile, painting, plumbing, HVAC, electrical, toilet accessories, fire extinguishers, cabinets, window treatments and mirrors. The architect of record is Daryl Martin Architect. The firm completed renovations on the E.D. Farrell Company Corporate Office located at 105 Empire Dr. in West Seneca. Work included: select demolition, carpentry, millwork, acoustic ceiling tiles, drywall, vinyl composition tile, carpeting, painting, plumbing, HVAC, and electrical.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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
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