News: Brokerage

Greater Buffalo BOMA holds 14th annual golf outing on August 25

The 14th Annual Greater Buffalo BOMA Golf Outing was held at Arrowhead Golf Club on Monday, August 25. Buffalo BOMA would like to thank all the sponsors, donors, committee members, and volunteers who made this day possible.   Congratulations to the following golfers: * 1st Place Foursome: Jim Lalley, Dan Burkhardt, Al Greenly and Ray Nihill. * 2nd Place Foursome: Lee Noe, Rob King, Mark Saathoff and Dan Dill. * Most Honest Foursome: Tim Dzimian, Carl Forster, Gynn Matthews and Mark Meyerhoffer. * Closest To The Pin - Hole # 8: Frank Banasik  * Closest To The Pin - Hole # 12: Alan Tomidy * Closest To The Pin - Hole # 16:Rob King * Longest Drive Women's - Hole # 13: Kim Muncie  * Longest Drive Men's - Hole # 13: Jason Shell * Straightest Drive - Hole # 5: Mike Farrell  * Putting Contest: Ed Boldt.
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NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
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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
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,