News: Brokerage

Delta CRE arranges sale of multiple properties in Brooklyn for $12.7 million

Adrian Langsner-Smilovici of Delta CRE arranged the sale of a development site in the Williamsburg section of the borough. The combined properties of 132 Bedford Ave. and 138-142 North 10th St., sold for $12.7 million. Adrian Langsner-Smilovici and his team, Michael Leben and Meron Langsner represented both the buyer and the seller in this transaction. The seller of the properties, Apple Restoration Co., cited the area's change over to a residential neighborhood as what prompted their relocation. The buyer of the properties, Bedford Acquisitions, LLC, has not yet disclosed their intentions with the properties, but have expressed that they are very excited to have a location on Bedford Ave. Langsner-Smilovici, an industry veteran, has described this section of Brooklyn as "The New SoHo." He founded Delta CRE last year with a mission to help New York businesses and property owners optimize their position in the marketplace.
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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.
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,