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
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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