News: Brokerage

CIREB hosts May 5th marketing session at One West Avenue

On May 5th, CIREB's membership met at One West Ave., a premier medical arts building available for lease through Prudential Blake Atlantic. One West Ave. is located less than ½ mile from Saratoga Hospital and minutes from Downtown Saratoga. There is a unique opportunity to pick from four suites, custom designed by Olsen Associates. Ample, 300 car parking includes covered canopy. Available suite sizes range from 1,200 - 4,300 s/f. Earlier this month Governor Cuomo and his senior staff began a statewide tour in order to speak directly to the people of New York about, among other issues, creating a property tax cap. At the May marketing session CIREB members had an opportunity to meet with Mark Streb, director of intergovernmental and regional affairs for the NYS Department of State - Capital District, to discuss many issues, including the proposed tax cap, the new DEC storm water regulations and the cost of doing business in New York State.
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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 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
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,