News: Brokerage

Allpro Parking begins operations in Rochester

Allpro Parking, LLC recently began operations at the HSBC Plaza Garage. The garage is located beneath the HSBC Plaza at 100 Chestnut St. The HSBC Plaza Garage has a capacity of 310 spaces and offers monthly and daily parking for patrons. The lot is located near The Strong National Museum of Play and Manhattan Square Park. Allpro Parking currently operates five additional locations in Rochester and provides customer service and maintenance to seven city-owned parking garages and lots. "Allpro Parking has strong presence in Rochester, and continued success in customer service at our locations throughout the city, " said Rick Serra, CEO of Allpro Parking. "We will continue to offer convenient parking and Allpro Parking's characteristic quality service to patrons with this new garage." Allpro Parking manages and operates over 85 locations throughout Western New York and Ohio.
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Columns and Thought Leadership
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,

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

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
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