News: Brokerage

Professional Profile: Paul Bowers 2013

Name: Paul Bowers Title: Associate Broker Company: Prudential Blake Commercial Realtors Location: 8 Airline, Suite 104, Albany, NY 12205 Place of birth: Schenectady, NY Family: Married 29 years, 2 boys ages 18 and 20 College: Russell Sage, Hudson Valley First job unrelated to your current field: Lum's Restuarant First job in your current field: Residential agent 1973 commercial broker since 1978 What your firm does now and its plans for the future? We cover Capital Region in 10 countries. We specialize in sales and leases of commercial, industrial real estate, of which multifamily continues to be a hot item. We work with local and regional firms looking for grass hands on representation. Hobbies: Traveling, reading, community service, baseball coach, business mentor Favorite film: Jerry McGuire Favorite novel: I have read numerous times, "You Cannot Afford the Luxury of a Negative Thought" Life is short, what legacy will you leave on this earth? Keys to success: I use the case study method to sell property. This is a solution based strategy which includes knowledge of values, target markets, relentless prospecting, adjusting my strategy to meet the market & clients needs in order to get the deal done. Person you admire most (outside of the family): Jack Collett of Collett Mechanical If you had to choose a different profession, what would it be? A psychologist
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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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Columns and Thought Leadership
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,

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