News: Brokerage

Downtown Albany BID to hold 13th annual meeting

The Downtown Albany Business Improvement District (BID) will hold its 13th­ annual meeting. They will mark successes of the past year, lay the groundwork for future goals and projects and celebrate the city's quadricentennial. The meeting will be held on Tuesday, June 23 from 11:30 a.m. - 1:30 p.m. at the Crowne Plaza. The meeting is presented by Legacy Banks and the lucheon is sponsored by CDTA. The Sports Foundation of New York's Capital Region will receive the annual Compass Award which recognizes an individual, organization or business that has exemplified a spirit of partnership with the Downtown Albany BID and has been instrumental in charting a course for success in downtown. The work by Sports Foundation volunteers to secure the downtown area as home to regional and national athletic organizations such as the NCAA, the ECAC, the MAAC and the NYSPHSAA has had value to our downtown community. Over the past 15 years, these events have lured more than 500,000 fans and close to $40 million in economic impact to Albany and the region. The efforts of this organization are a year-round endeavor ensuring a total experience for the fans by creating Fan Fest activities during their stay. These Fan Fests raised the bar on a national level in competing to win the bids for upcoming tournaments. The keynote speaker is Pulitzer Prize winning author William Kennedy. For further information and to RSVP please call (518) 465-2143 ext. 10.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,

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