News: Brokerage

Cresa Albany sponsors Northern Rivers' golf tournament on July 15

Despite threatening skies and some showers, a group of 220 supporters raised $124,000 at Northern Rivers' golf tournament and celebration on July 15. Cresa Albany, one of the regional commercial real estate firms that exclusively represents tenants and buyers, was the signature sponsor for the 6th straight year. One of the programs benefiting from the event is Northern Rivers' affiliate Parsons Child and Family Center 'Camp To Belong.' Since 1995, Camp To Belong, has reunited over 3,500 siblings. Camp To Belong was created to offer siblings in foster care and other out-of-home care the opportunity to create lifetime memories while being reunited at camp. Cresa Albany has strong ties to the game of golf and Northern Rivers. The firm's managing principal, Tim Conley, is an avid golfer playing out of Wolferts Roost Country Club, Saratoga National, and PGA National in Palm Beach Gardens in the winters. His son, Brian, currently the firm's financial officer, was adopted through Northern Rivers'.
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Columns and Thought Leadership
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
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