News:
Brokerage
Posted: July 15, 2013
Roller and Koehn of CBRE secure $1.325 million sale of Dun Building
The Dun Building, located at 110 Pearl St., has been sold to a local investment group. The 27,265 s/f building sold for $1.325 million.
Clover Management had owned the property since 1999. The buyer is 110 Pearl LLC, headed by Paul Kolkmeyer and Greg Suffoletto of Priam Enterprises.
Completed in 1895, The Dun Building was the city's first high-rise building. The 10-story building was also the first steel-framed structure in the city and the first fireproof building. Architects E.B. Green and William Wicks designed the neoclassical building.
CBRE Buffalo partner Robert Roller and sales associate Adam Koehn represented the seller along with CBRE Pittsburgh.
Tags:
Brokerage
MORE FROM Brokerage
SoHo emerges as America’s most active trophy retail market as investors prioritize quality, Adirondack Capital Partners finds
Manhattan, NY Investors are increasingly concentrating capital in the country’s most coveted retail corridors, with SoHo emerging as the nation’s most active trophy retail market,
Quick Hits
Columns and Thought Leadership
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
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
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.
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,
