News: Brokerage

CB Richard Ellis/Albany hosts CIREB's October marketing session

CIREB's October Marketing Session was held at 1 Racemark Way, a 72,000 s/f office/manufacturing building located in a park-like setting. The building listed exclusively with John MacAffer of CBRE/Albany. Upcoming 2009 Marketing Sessions * Thursday, Nov. 5 hosted by Albany Management at 41 State St., Albany. Georgette Steffens, executive director of the Downtown Albany BID will speak to the membership. * Thursday Dec. 3 hosted by Windsor Development at 7 Southside Dr., Clifton Park. CIREB holds its monthly marketing sessions on the first Thursday of each month and are free to all CIREB members. For more info, please call Kelly Pierce at (518) 464-0194 or visit www.CIREB.com. CIREB has welcomed a new appraiser member: Caryn Zeh, Caryn Zeh Appraisals. On Friday, Dec. 4, CIREB will hold a 7.5-hour CE Credit Selling Commercial and Investment Properties, Issues, Money and Laws, includes three hours of Fair Housing/Discrimination by Ed Smith, CREI, ITI, CIC, GREEN, RECS. Upcoming Events: * A Night of Music: Sat. Nov. 14 at 7:30 p.m. CIREB spends an evening at the Albany Symphony with a private reception following with conductor David Allen Miller and Joseph Carr, Joseph Carr Wines. * Annual Holiday Fundraiser - Thursday, Dec. 10 at 5:30 -9 p.m. at 74 State St. Constructed in 1910 as an office building, a recently revealed cornerstone identifies 74 State as the former "Kinney and Woodward Building," now fully restored as an upscale hotel. CIREB will raise money for the Capital District YMCA Reach Out For Youth's campaign.
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Columns and Thought Leadership
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
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 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.