News: Brokerage

CPC appoints Ronald Schiferl as new CFO

The Community Preservation Corp. (CPC), a non-profit affordable housing lender, has named Ronald Schiferl, 52, as CFO. In his new role, Schiferl will be responsible for providing overall finance management for the corporation and its for-profit development arm, CPC Resources, Inc. (CPCR), encompassing all accounting and treasury functions. Schiferl has more than 30 years of experience in the financial services industry. Before joining the CPC, Schiferl served as COO of Naterra Land, Inc., a position he held for two years. Prior to joining Naterra Land, he worked at Opus Corp. for eight years as a senior vice president and CFO where he was responsible for overseeing all architecture and engineering services, accounting, internal audit, finance, information technology and human resources.
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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.
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 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