News: Brokerage

City of Albany, ALDC and Downtown BID hold forum for 200 attendees

Nearly 200 developers, investors, individuals with entrepreneurial spirit, property owners, and lending institutions attended a Downtown Albany Development Forum on March 19, a collaborative effort of the city, the Albany Local Development Corp. (ALDC) and the Downtown Albany Business Improvement District (BID) presenting detailed information on available resources for rehabilitating vacant or under-utilized mixed-use projects in the downtown area. The presenting sponsor was Berkshire Bank. In addition to mayor Jerry Jennings, Michael Yevoli (president, ALDC), and Pamela Tobin (executive director, Downtown Albany BID), representatives from organizations administering the incentive and grant programs were featured and included:  Chris Leo representing Joseph Rabito, deputy commissioner, NYS Division of Housing and Community Renewal; Daniel Mackay, public policy director, NYS Preservation League; Linda Hill, principal economic developer, National Grid; Steven Weiss, managing partner, Cannon, Heyman & Weiss, LLP; Megan Daly and Maria Pidgeon (from the city's Department of Development and Planning).
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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
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,

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