News: Brokerage

Del Greco joins Flushing Bank as vice president, new business development for real estate lending

Nunzio Del Greco has joined Flushing Bank as vice president, new business development for real estate lending. He began his career as an association executive in 1983 as executive vice president of the Bronx Board of Realtors. He was the longest serving executive in this organization with almost 30 years of service. Del Greco was presented the 2004 Distinguished Service Award at the association's 80th Annual Banquet. He was also presented the Businessman of the Year Award by the Bronx County Historical Society in 2010. Del Greco holds a master's degree from St. John's University in Public Administration and was a graduate assistant in the Department of Government and Politics. He completed his bachelor of arts degree from Queens College graduating with honors in Political Science. Del Greco is also an editorial writer on a regular basis for the New York Real Estate Journal. Del Greco is a community leader and fundraiser for a number of charities including: American Cancer Society; Susan G. Komen Breast Cancer Foundation; ALS Walk at Eisenhower Park; Avon Walk for Breast Cancer at Jones Beach; and Camp Good Days & Special Times.
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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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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
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

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