News: Brokerage

Hearst Corp. to begin 70,000 s/f printing facility expansion for Albany Times Union - $60m project

According to George Irish, president of Hearst Newspapers and Mark Aldam, publisher and CEO of the Times Union Hearst Corporation, a capital project will be launched to expand the Albany Times Union's existing headquarters by 70,000 s/f to accommodate a new printing and packaging facility. The $60 million project should be complete by the end of 2011. "For more than 150 years, the Times Union has serviced capital region readers with the finest and most trusted source for news and information," Irish said. "And, by the end of 2011, we will continue that mission with full color available on every page, greatly enhancing the vibrancy of the newspaper, in addition to achieving greater flexibility in product design and format. While much of the newspaper industry is contracting, this announcement reaffirms Hearst's and the Times Union's commitment to a printed newspaper."
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Columns and Thought Leadership
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 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.
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