News: Brokerage

FEMA officials reach out to CIREB for assistance after storm

In the wake of tropical storm Irene and the devastating floods that followed in Upstate New York, FEMA officials reached out to CIREB for assistance in finding space to lease in the Capital District for its central command center. CIREB activated its internal "community service email alert system" and a group effort was underway to assist. In the end NAI Platform had the perfect place for FEMA to set up; a deal was done in 48 hours. CIREB members, their clients and building owners continue to work together as the system has also been activated to assist the American Red Cross as they search for additional space in our area and the Rehabilitation Support Services located in Schoharie County who has lost several buildings. With flooding rains continuing and so many neighbors in need, CIREB will be holding a fundraiser for flood victims at their upcoming Member Appreciation Night on September 27. Our thoughts and prayers are with our entire community and the surrounding states devastated by the recent floods. CIREB will continue to support and help our neighbors in any way possible.
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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,