News: Brokerage
Posted: June 9, 2014

Picone of McGuire Development secures two leases totaling 21,000 s/f; Also handles sale of 4114 Union Road in Cheektowaga

According to McGuire Development Company, a commercial development, real estate consulting and property management firm, Vito Picone of its real estate services group has facilitated the following real estate transactions: * The lease of 6,000 s/f of medical office space for Suburban Pediatrics in Alden. This is the location for the practice; the other office is on Sheridan Dr. in Williamsville. * The sale of 4114 Union Rd. in Cheektowaga. The site is the latest addition to the McGuire Development portfolio and is home to the McGuire Group's Reliant Medical Equipment and Reliant Medical Pharmacy, as well as Accu-Fit Compression Garments. * Picone was the broker of record for Liazon for the lease of 15,000 s/f of space on the eighth floor of 199 Scott St. "By providing a full spectrum of services, and having the ability to tap into the full line of development services that McGuire Development offers, I'm able to assist my clients with all of their real estate needs," said Picone, senior director, business development.
Tags: Brokerage
Print
Share
Reprint
Previous Story Next Story
READ ON THE GO
DIGITAL EDITIONS
Browse Now
Subscribe
Quick Hits
BHI provides $100 million capital call line to KRE Capital Management
Columns and Thought Leadership
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
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.
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,