News: Brokerage

Giniecki of Foresite Realty Advisors

Robert Giniecki

Schenectady, NY Sadly, on December 21, 2023, we lost NYSCAR friend and colleague, Robert Giniecki, CCIM, SEC (Foresite Realty Advisors). As a founding board member of NYSCAR and steadfast supporter through the years, Giniecki worked tirelessly to help build the association.

He was passionate about real estate and a mentor to many practitioners locally and beyond, teaching many commercial classes over the years. He often called members to tell them about courses they needed to take to improve their career in real estate. He held the CCIM and SEC designations and was the driving force to have both organizations participate annually in the NYSCAR conference.

As an advocate for the commercial real estate industry, he conferred with members of the US Senate Finance Committee pertaining to the structure of real estate 1031 exchanges. He also met with the NYS Department of State to explain the importance of “real estate counseling” courses for the industry.

Giniecki was involved with the Society of Exchange Counselors and traveled abroad to purchase gem stones, which he would exchange for property.

He received numerous awards over the years including the NYSCAR Realtor of the Year award, Instructor of the Year from the NYS Association of Realtors, Exchangor of the Year from the Society of Exchange Counselors, but Giniecki never cared about the awards, he just wanted to teach everyone about the profession.

Giniecki was a character and had many interests including skiing, fishing, tennis and he always enjoyed gathering everyone together for “cocktails” and of course, talk about real estate.

Many “students” have reached out to us to say they learned so much from Giniecki and how influential he was in their career.  He was a kind, generous man.

Ginieckialways put the interests of the Association above all else.  He wanted to do what was best for the entire organization. Although everyone is sad, Giniecki would want everyone to continue on to making the commercial real estate profession the best it can be, so let us honor our long-time friend and colleague by continuing his good work - always striving to improve.

We will miss our friend dearly but we are so grateful for the time he spent with us. His legacy will live on with NYSCAR and the many other organizations he was involved with.

If you would like to make a donation in honor of Giniecki’s memory, memorial contributions “For Eliminating Polio World Wide” may be made to the Schenectady East Rotary, 435 Bolt Rd., Scotia, NY, 12302.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,

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.
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