News: Brokerage

Urban Land Institute's Young Leaders Group of WNY hosts presentation and tour of Electric Tower

Urban Land Institute's Young Leaders Group of Western New York (YLG), a subsidiary of the global nonprofit research and education institute, Urban Land Institute, hosted a 100 Year Anniversary presentation of Buffalo's historic Electric Tower, owned and operated by Iskalo Development Corp. Home to Buffalo's Annual New Year's Eve Ball Drop and one of the most recognizable buildings in the Buffalo skyline, the Electric Tower was recently returned to its original grandeur including a comprehensive restoration of the building lobby, common areas, and a full building mechanical system replacement featuring many green upgrades. Attendees were presented with how the project was brought to fruition as well as the different components of the project that enabled the rebirth of this historic building, including architecture, historic preservation, finance, construction and development. Following the presentation, guests received a personalized tour of the Electric Tower including the first and second floor lobby, the historic seventh floor, and several of the uniquely designed "tower" floors.
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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
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
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,
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,