The former Radisson Hotel on Grand Island remains vacant but attracts multiple potential buyers despite an existing deal in due diligence. Interest continues from investors hoping to bid if the current transaction fails. The property's prime location and size make it suitable for redevelopment as a hotel, mixed-use facility, or other commercial ventures, with local hopes for its productive reuse.
This summer, Buffalo’s real estate market saw a welcome surge in new listings and increased inventory—opening up more choices for buyers across Western New York. As someone who’s been guiding clients through every twist and turn of our local market, I know how significant this shift can be for those looking to make their next move. More homes on the market means more opportunities to find the right fit, and the value of having a knowledgeable team on your side truly comes to the forefront. At The Mamun Real Estate Team, we’re committed to making your experience seamless and ensuring you get the best results, whether you’re searching for your next home or considering selling.
Hybrid work has reshaped US offices, pushing investors to consider conversions, specialized spaces, flexible models, and hands-on repositioning instead of passive, traditional leasing.
Office-to-residential reuse is a leading path where transit and amenities already exist, though deep floor plates, plumbing, HVAC, and design hurdles require due diligence.
The strongest demand is concentrating in premium and niche properties, including medical offices, labs, and amenity-rich workplaces, while flexible space models offer shorter-term agility.
Distressed sales may expand as lenders grow cautious, so investors need strong business plans, alternative capital sources, and clear strategies to stabilize or repurpose assets.
Winning approaches depend on hyper-local insight, sustainability upgrades, smart-building tools, and public incentives, with experts expecting a multi-yr rebalancing rather than a quick reset.
Situated in the desirable University District, 131 Stockbridge Ave, Buffalo, NY 14215, offers a sophisticated blend of generous proportions and contemporary upgrades, making it an exceptional opportunity for discerning buyers. This meticulously renovated 3-bedroom, 1.5-bathroom residence features expansive living and formal dining areas enhanced by luxurious new vinyl flooring and a modern kitchen equipped with a full suite of appliances. Technical excellence is prioritized through a recently upgraded 100-amp electrical service, while the interior is further distinguished by elegant mirror-view bathroom tiling and a dedicated executive home office. The property’s functional footprint extends to a substantial finished basement—ideal for a recreation suite or private gym—complemented by a detached 1-storage garage and a wide concrete driveway. Ideally located with immediate access to local amenities and the 33 Expressway, this versatile home represents a premier standard of living in Buffalo. Whether you're a first-time homebuyer or an investor seeking a solid opportunity, this property offers great potential. Square footage may differ from record per floor plan measurements. Don’t miss your chance to make it yours!
Higher borrowing costs kept pressure on single-family demand, and builders responded by pulling back new detached starts while leaning more heavily toward multifamily development.
Through the rest of 2026, developers may keep shifting toward multifamily as renter demand, tight vacancies, and stronger household formation support new projects.
Local regulations and migration trends are expected to shape where future starts land, while builders grow more selective on pricing and demand conditions.
This supply shift affects suppliers, lenders, and future construction pipelines as builders rebalance toward projects backed by renter demand and supportive zoning.
Permits typically lead construction by several months, so current trends point to additional deliveries into early 2027, with activity favoring stronger-demand markets.
US apartment vacancy eased to ~8% in Late-Q2 2026, but most improvement came from newly delivered communities leasing up, not stronger performance across established inventory.
Quarterly absorption reached ~164K units, topping ~118K new units added, yet stabilized properties still saw vacancy ↑~35 basis points yearly overall nationally.
High-end four- and five-star apartments captured ~70% of demand, and overall vacancy in that segment improved while stabilized luxury properties faced tougher backfilling.
The national gap between overall and stabilized vacancy reached ~50 basis points, showing new lease-ups did the heavy lifting as older properties faced leasing pressure.
Through coming quarters, headline vacancy may keep improving, but existing properties could stay pressured into 2027 as operators emphasize retention, incentives, and repositioning.
Exciting news for Buffalo’s housing market: the first Build Buffalo Roots home in the city has just sold for $205,000. This milestone is part of a local initiative that’s delivering on affordable homeownership, backed by $24.5M in ARPA funding and an additional $1M in utility grants. With 47 income-qualified homes being built, opportunities are opening up for buyers with income under $81,960, assets below $100,000, and mortgage pre-approval. As someone who values maximizing equity and guiding clients through every step of the process, I see these programs making a real impact in our community—helping more Western New Yorkers achieve their property goals and build lasting roots.
San Francisco’s real estate market has always been a study in contrasts, but the latest surge is truly remarkable: the median home price has soared to $1.72M, a 140% leap from its lowest point. What’s fueling this dramatic rise? The boom in AI-driven wealth. Since the emergence of technologies like ChatGPT, luxury home prices have climbed 13.4%, and sales have jumped 46%. It’s a vivid reminder of how tech sector growth can outpace incomes in other fields, making affordability an ever-tougher challenge for many buyers. As someone who leads a results-driven team, I know firsthand how critical it is to navigate shifting markets with insight and strategy—no matter which side of the country you’re on. Experience matters, especially when the landscape is changing this fast.
