News: Brokerage

CR-BOMA members, Fuller Road Management and Owens, Renz & Lee, honored at Mid Atlantic Conference

According to the Capital Region Building Owners and Managers Association (CR-BOMA) its member organizations, Fuller Road Management Corp.and Owens, Renz & Lee Co., Inc., were recipients of the 2010 Mid Atlantic Conference of BOMA (MAC) TOBY Awards in the Suburban Office Park Low Rise and Government Building categories. The College of Nanoscale Science and Engineering's Albany NanoTech Complex, managed by John Loonan, president of Fuller Road Management, was presented with the Suburban Office Park Low Rise of the Year Award for the Mid Atlantic region at the 2010 MAC Awards. The NYS Office of General Services, located at 50 Wolf Rd. and managed by Jorgen Bowman of Owens, Renz & Lee will be honored as the 2010 Government Building of the Year Award for the Mid Atlantic region at the 2010 MAC Awards. "The CR-BOMA would like to congratulate both member organizations for earning the prestigious MAC Building of the Year award in seperate categories" said president, Sarah Jermano. "Both member organizations are positive reflections of the CR-BOMA membership and we are proud to have them represent us at the 2010 MAC TOBY Awards banquet."
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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
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,

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.