News: Brokerage

American Self Storage secures $21 million in financing

Warren Diamond, president and chief executive officer along with John DelMonaco,chief financial officer, Richard Monteforte, chief operating officer and John Mercadante, lead counsel revealed the refinancing of permanent loans totaling $21 million secured by American Self storage facility. The highly visible self storage store consists of 2,247 units totaling 175,000 s/f and enjoy consistent high occupancies and above average market rates American Self storage, a leader of self storage in the NY metro area and ranked among the top self storage operators world wide, completed this transaction with the Royal Bank of Scotland and with the assistance of Altman Warwick Mortgage Advisory. American Self Storage with headquarters in Tinton Falls, New Jersey is a leading self storage/operator with 15 locations through out the NY Metro area. American Self Storage continues to grow its well located portfolio of 1.500,000 s/f and has currently 300,000 s/f. in development. American Self Storage is actively acquiring facilities in the tri-state area which have a minimum of 70,000 sq.ft. With an "Our Space Your Move" motto American Self Storage remains committed to serving the public's quality, affordable and safe storage needs
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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