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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CM&B completes Activate Games’ NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
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Columns and Thought Leadership
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their