News: Brokerage

David Park Associate Broker CS Real Estate Advisors

Name: David Park Title: Associate Broker Company: C/S Real Estate Advisors, LLC Location: 4 Jefferson Plaza, Ste. 501, Poughkeepsie, NY 12601 Birthplace and year: Albany, N.Y., 1946 Family: Wife, Susan; son, Jonathan; and daughter, Elizabeth College: University of Dayton (Dayton, Ohio) First job in real estate or allied field: Shopping center general manager What do you do now and what are you planning for the future? Currently engaged in providing multi-disciplined Corporate Real Estate Services with emphasis on landlord/tenant representation leasing, sales, valuation, consulting and asset/construction management. We are moving more toward assisting owners and developers to maximize the performance of their real estate investments and protect future value through using a comprehensive service approach rarely found in the local market. We expect to increase our presence in the area of real estate consulting under a wide array of specialized services such as project evaluation, property performance analysis, market data research/implementation, and strategic management. Hobbies: Photography Favorite movie: "Saving Private Ryan" Person you admire most (outside of family): Colin Powell Keys to success: Perseverance, and a little luck If you had to choose another vocation what would it be? Photography
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NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
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Columns and Thought Leadership
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

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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