News:
Brokerage
Posted: May 14, 2024
Coscia and Perlman of Largo secure $6 million bridge
loan for 272,900 s/f office - The Atrium
Buffalo, NY Kevin Coscia and Ned Perlman of Largo Real Estate Advisors, Inc. secured a $6 million bridge loan financing for a downtown building formerly known as The Atrium.
The 7.65-acre property is improved with 272,900 s/f of office space and 597 surface parking spaces.
The plan is to revitalize the property for future residential use.
95 Washington is located two blocks away from Canalside and near many of the city’s most known spots including the KeyBank Center (home of the Buffalo Sabres), Seneca One Tower, Buffalo City Hall, and Sahlen’s Field (Buffalo Bisons Baseball). The site is also accessible from the Buffalo Skyway, the Buffalo Metro Rail, and I-190.
Tags:
Brokerage
MORE FROM Brokerage
Meridian Capital Group arranges 10-year retail lease for Mess at 236 West 10th St.
Manhattan, NY According to Meridian Capital Group, Jordan Langer, Noam Aziz and Carson Shahrabani of the firm’s retail leasing team have arranged a five-year lease at 236 West 10th St. in Greenwich Village
.jpg)
.gif)
Columns and Thought Leadership
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,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian
Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
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
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski
The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
.gif)