News: Brokerage

Story of Charter closes two leases totaling 25,000 s/f and an $825,000 sale

Barbara Story, of Charter Real Estate Brokerage, closed two commercial leases comprising over 25,000 s/f and an 11,000 s/f sale with combined values in excess of $3 million. In the first transaction, Story represented the landlord in securing a long-term lease for 14,400 s/f of office space at 190 Linden Oaks to Genesee Regional Bank (GRB) for their new and expanded corporate offices. The tenant was represented by Bob Lucchesi with Ardent Commercial Real Estate Advisors. Story then teamed up with GlenStar Properties out of Chicago to represent Leading Edge Recovery Solutions to expand their national operations into the Buffalo market with an 11,000 s/f long-term lease for a call center to open at 33 Dodge St., Amherst. This expansion is anticipated to create up to 100 new jobs for the area. In the third deal, Story teamed up with Charter's Ryan Gage in the exclusive listing of the 11,000 s/f retail/office building at 2745 West Ridge Rd., Greece. The property was purchased by The Exigence Group of Buffalo for $825,000. Exigence plans significant renovations to open an urgent care center at this location. The buyer was represented by Gregg Bryant with The Cabot Group.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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