News: Brokerage

CIREB welcomes its newest broker and associate members

CIREB welcomes its newest members: * Broker membership: Devin Dal Pos, Devin Dal Pos, Realtor and Joseph MacFawn, MacFawn Realty. * Associate membership: Joe Bordeau, Albany Realty Group, and Laurie Tylenda, CB Richard Ellis/ Albany. CIREB will hold "Advanced Commercial Investment Workshop" presented by Tom Lundstedt, CCIM, on September 29. Lundstedt is a recognized expert on the subjects of investment real estate and taxation. A former major league baseball player with the Chicago Cubs and Minnesota Twins, Lundstedt has a unique ability to present complex information in an entertaining and enlightening way. Lunstedt holds a bachelor's degree in Business Administration from the University of Minnesota as well as the prestigious CCIM designation from the National Association of Realtors. The workshop will be held from 9 a.m. - 4 p.m. and will contain six hours of NYS real estate continuing education credits. This course is offered to CIREB members for $75, and $125 for non-members. Visit CIREB.com and click on "upcoming events" for registration flyer. Space is limited, register today! CIREB's marketing sessions resume in September. The upcoming sessions include: * Thursday, September 11 marketing session will be hosted by Omni Development. * Thursday, October 2 marketing session will be hosted by CB Richard Ellis/Albany. * Thursday, November 5 marketing session will be hosted by Carrow Real Estate Services * Thursday, December 4 member update meeting will be hosted by Schuyler Brokerage Corp. CIREB holds its monthly marketing sessions on the first Thursday of each month and are free to all CIREB members. Guests may attend these sessions at a cost of $10 per person. If you would like to attend a marketing session or join CIREB, call Kelly Pierce at (518) 464-0194 or visit www.CIREB.com for more information.
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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.
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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
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