Upstate New York

Ciminelli of LPCiminelli to be honored by the University of Buffalo with Niagara Frontier award

On Novemeber 1st, the University at Buffalo School of Management will honor Louis Ciminelli, chairman and chief executive officer of LPCimin...

CIREB: Represents the common interests of all of its members

In upstate New York, an interest in the world of commercial real estate will have you brushing shoulders with members of CIREB. CIREB is an ...

Considerations when investing in multifamily apartments projects

Rental apartments are still a popular form of housing in this country. According to the 2000 Census-General Housing Characteristics in NYS,...

Credit doors open slowly and slam shut: The comm'l. mortgage backed security (CMBS) meltdown of 2007

Some may say it began with a special report issued on April 10, 2007 by Moody's Investor Service. The memo, titled, US CMBS: Conduit Loan ...

Life in upstate New York: The difference in the practice of real estate law from downstate

I have practiced law and worked in the title industry for over 25 years. Boy, I must be getting old! It continues to surprise me how differe...

How should we react to the changes of the real estate capital market?

As summer has drawn to an end and the traditional post-Labor Day activity begins, we find ourselves in a vastly changed real estate capital ...

The subprime market and cap rates: Why did this happen and what overall effect will it have?

The recent subprime crisis has certainly made the headlines in recent weeks. Delinquencies /foreclosures are up and even some large mortgage...

Besser and Wilson of Pyramid broker $14.7 million sale of a 13-property portfolio

Pyramid Investment Properties Group brokered the sale of a 13-property, 602-unit apartment portfolio for $14.7 million. Kevin Besser, CCIM, ...

Furlani, Redmond and MacAffer of CBRE/Albany handle $1.4m sale

According to CB Richard Ellis/Albany the $1.4 million sale of 143 Montgomery St. has been completed. Gordon Furlani, Peter Redmond, SIOR, an...

Utilizing absolute auctions: For the motivated seller, its not a half-baked idea

For the motivated seller with some equity in their property, absolute auction—selling without a reserve to the highest bidder—...