News: Brokerage

Alexander Cervone Licensed Real Estate Broker CS Real Estate Advisors

Name: Alexander Cervone Title: Licensed Real Estate Broker Company: C/S Real Estate Advisors, LLC Location: Four Jefferson Plaza, Ste. 501, Poughkeepsie, N.Y. Birthplace and year: Poughkeepsie, 1958 Family: Sister College: MIT, SUNY Cortland First job outside of real estate: Musician First job in current field: Cervone Real Estate What do you do now and what are you planning for the future? Currently engaged in providing commercial brokerage services with emphasis on tenant representation office and retail leasing, sales, medical use development sales and leasing. We expect to increase our presence in the area of real estate consulting under a wide array of specialized services such as project evaluation, property performance analysis, creative marketing, and strategic asset management. Hobbies: Music, collector of rock and roll memorabilia Favorite book: "Roots of American Jazz" Persons you admire most (outside of family): Robert Dyson, James Patrick Page, my mother - Antoinette Cervone. Keys to success: Be honest and straightforward, listen and learn from those you admire, dress for success.
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NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
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A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,