Others on the panel were Royce Woods, executive director of the Beverly Gray Business Exchange Center Phillips Lytle partner Kimberly Nason and Aliesa Adelman, Wendel associate partner.

“Niagara Falls is on the verge of breaking through,” he said. TM Montante Development President Christian Campos said the region has a deep pool of strengths that could be a buffer such as fresh water, proximity to Canada, quality of life and Niagara Falls.Ĭampos said the city of Niagara Falls is poised to make a comeback, much like the one that began in Buffalo a decade ago. That said, I do think our fundamentals are still strong,” he said. “It is at the top of everyone’s mind about where we are on the (real estate development) cycle. Nick Sinatra of Sinatra & Company Real Estate said talk of a recession has developers wary. “Things that are happening on the national and international stage may have an impact in Western New York.” “There’s a lot of talk about the real estate bubble,” said Adam Walters, a partner at the law firm who leads the real estate development practice.

17 State of the Region on commercial real estate and development, sponsored by Phillips Lytle LLP. How a slowdown would affect the region was one of several topics discussed at the Sept. If economic forecasts are accurate, a recession could happen within a year.

Jim fink invest