News: Brokerage

CBRE wins "Broker's Challenge" at 31st Annual Empire State Run-Up

Racing up 86 floors, 1,576 steps and 1,050 ft. from the lobby to the observatory, a team from CBRE took top prize against seven other teams of New York's top commercial real estate brokers. They joined the New York Road Runners at the 31st Annual NYRR Empire State Building Run-Up. Another team from CBRE, "The Green Machine," took second place. Third place went to Jones Lange LaSalle's "Tower Up." For the first time, the brokers competed head-to-head in their own division of this, called the "Brokers' Challenge." Competitors were teams from Studley, Newmark Knight Frank and Cushman & Wakefield, and Jones Lang LaSalle. The first broker to cross the finish line at 15 minutes and 5 seconds was CBRE's Stephen Sjurset. Jeremy Sheldon of Jones Lang LaSalle finished second in 16 minutes and 23 seconds. In third place was Daniel Rodriguez Sains of CBRE, with a finish time of 17 minutes and 8 seconds. Cassie Resnick of Jones Lang LasSalle was the first female broker to make it to the top in 18 minutes and 7 seconds. Second place was Studley's Allyson Bowen at 18 minutes and 23 seconds. Janelle Rovegno of CBRE took third place with a finish time of 19 minutes and 30 seconds. The winning CBRE team was comprised of Reggie Willis, Michael Higgins, George Chatzopoulos, Daniel Rodriguez Sains and Melissa Nowak.
MORE FROM Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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,

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.
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