News: Brokerage

Cardello III elected to fellows of the New York Bar Foundation

Michael Cardello III

Garden City, NY Moritt Hock & Hamroff LLP (MHH) announced that Michael Cardello III, a partner of the firm, has been elected to serve as a fellow of The New York Bar Foundation.  

The New York Bar Foundation is the charitable and philanthropic entity of the New York State Bar Association. The fellows are distinguished members of the bench and bar recognized for outstanding professional achievement, dedication to the legal profession, and commitment to the Rule of Law. 

Cardello III has been a partner with MHH since 2006 and serves on the firm’s Management Committee. He concentrates his practice in all areas of business and commercial litigation, and represents large and small businesses, financial institutions and individuals in both Federal and State Courts. In addition, Cardello also serves as a Court-Appointed Discovery Referee and Special Discovery Master by various courts to oversee all aspects of the discovery process in complex commercial cases. He is approved by the Officer of Court Administration in the State of New York to serve as a Receiver and has been appointed by the Court to oversee the dissolution and wind up of the affairs of businesses and for the collection of rents for commercial properties. He also mediates complex commercial litigation cases pending in the Commercial Division of the Supreme Court of the State of New York. He serves on the EDNY Litigation Advisory Committee and is also a Fellow of the Academy of Court-Appointed Masters. He earned his J.D., M.B.A., and B.B.A. degrees from Hofstra University.

MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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,