Cheektowaga, N.Y. (WBEN) – Why would a California real estate investment group buy a Cheektowaga warehouse, paying 108% more than the property sold for one year ago?
The short answer is: The deal serves as a snapshot and telltale sign of how out-of-town investment groups view the region’s commercial real estate landscape. They love our real estate.
In the case of the Cheektowaga property – located on Broadway – Amherst-based Iskalo Development Co. paid $1.75 million for the 24,000-square-foot warehouse in mid-2024…