News: Brokerage

Fiber optics upgrades at The Private Office facilitate videoconferencing

The Private Office, a Westchester County-based firm offering shared office facilities, virtual support and administrative services, has completed a fiber optics upgrade by Cablevision Lightpath and touted its impact on videoconferencing and other electronic services for its clients. By installing 10 megabyte fiber-optic circuits at its two office business centers, (Rye Brook and White Plains) The Private Office increased its circuit capacity, bandwidth and speed for sophisticated communications such as videoconferencing, VoIP and data transmissions. George Russell, president of The Private Office, said, "The installation by Lightpath gives us the flexibility our clients demand to respond to their changing needs. We are particularly proud of its effect on our videoconferencing capacity in light of the recent uncertainties, expense and inconvenience of air travel." The Private Office provides the latest Polycom high-definition system with dual 42-inch plasma screens and uses either an IP or ISDN high-speed connection. Bridging is provided for multiple remote locations, and the set-up is carefully tested prior to the videoconference. Other electronic services offered include website administration, imaging and electronic-document creation. The Private Office, based in Westchester County, provides full-service office business centers at prestigious locations in the region. The centers offer conference and meeting spaces including access to a 150-seat amphitheater. In addition, the firm provides virtual offices with dedicated telephone answering and a unique mailing address. A diverse array of administrative and electronic services are available as well. The president of The Private Office, George Russell, founded the company in 1985 after 17 years at the International Paper Co. where he served as general manager for land and timber. He opened the organization's current headquarters on a 54-acre site in Rye Brook, New York, in 2006.
MORE FROM Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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 death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

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
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.
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,