News: Brokerage

Uniland Dev. and Hamilton Houston Lownie selected for $14m project

A $14 million plan has been unveiled by Canisius High School for its Delaware Ave. campus. This will be the first major academic renovation in 60 years. "This is not a campus expansion, but an enhancement of what we can offer our students," said William Kopas, school principal. "This is an issue of quality rather than quantity." The plan includes the demolition of Frauenheim Hall, which will be replaced by an enclosed, 26,000 s/f field house. A new, 27,000 s/f math and science wing will be connected to the Beecher Classroom wing. Canisius is partnering with Uniland Development Co. and the architectural firm of Hamilton Houston & Lownie on the project. "These additions are meant to cohesively bind this campus together, to form a tie to the foundations of this high school, which are deeply rooted in tradition," said Gerald Strickland, Hamilton Houston partner in charge. "The preliminary plan is to begin construction next spring, said the Rev. James Higgins, Canisius president.
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Columns and Thought Leadership
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
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.
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
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,