News: Brokerage

ENB's Durso receives Marcum Workplace Challenge award

Empire National Bank's (ENB) senior credit analyst Greg Durso is the first place winner in the Wheelchair Division of the 2013 Marcum Workplace Challenge. This is the second consecutive year that he had a record performance in this category. Greg, a spinal cord injury survivor, also participates in and raises money for various spinal cord injury organizations. An avid athlete, he is determined not to let his physical challenges prevent him from pursuing his love of sports. He devotes much of his free time to training and participating in various athletic events. A Stony Brook resident, Greg is a graduate of Ward Melville High School. He earned an Economics Degree from Penn State in 2007 and started his finance career at Empire National Bank. One of the financial institutions first employees, he has been working at its Islandia-based corporate headquarters for more than five years. "Greg's courageous spirit, positive attitude and tremendous personal accomplishments, while facing the challenges of being wheelchair bound, are an inspiration to all," said Douglas Manditch, Empire National Bank's chairman and CEO. Empire National Bank is built upon the foundation of time-honored values, personal service and emerging technologies. The bank has developed a wide array of innovative products and services specifically designed to meet the needs of small to mid-sized privately owned businesses, professional practices and not-for-profit organizations seeking a "neighborhood" banking experience. Headquartered in Islandia, New York, Empire National Bank has branches in Port Jefferson Station, Shirley and Mineola. For more information, visit empirenb.com
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Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent