News: Brokerage

Ravindra of Ravi Engineering and Land Surveying testifies

Nagappa Ravindra, president of Ravi Engineering and Land Surveying P.C. testified in Washington, D.C., on April 25, as part of a panel on "Help Wanted: The Small Business STEM Workforce Shortage and Immigration Reform." Two unfilled STEM (science, technology, engineering and mathematics) jobs exist for every unemployed STEM worker in the U.S., according to a release from the House Committee on Small Business. The hearing focused on how the STEM workforce shortage is affecting the viability of small businesses and what may be necessary to help them meet their STEM workforce needs. The hearing included discussion including the extent of the workforce shortage, its economic effects on small firms and whether immigrant and guest worker visas reduce or improve wages and opportunities for American workers. Ravindra, a native of India who started his own business in 1995, is a member of the American Council of Engineering Companies. He testified growth in the field is limited by a lack of qualified and experienced engineers. He urged Congress to expand the H-1B visa program so firms like his will be able to hire the necessary talent to meet their clients' needs. H-1B visas allow U.S. firms to temporarily hire foreign workers in specialty occupations
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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
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,