News: Brokerage

HGAR hosts Westchester County Executive Rob Astorio at commercial real estate meeting

The Hudson Gateway Association of Realtors (HGAR) recently hosted Westchester County Executive Rob Astorino at its first Commercial & Investment Division (CID) breakfast meeting of the year at the Crowne Plaza Hotel in White Plains. Astorino discussed the county's economic development plans, and answered realtors' questions about taxes, affordable housing, the Tappan Zee Bridge, Playland and more. The Hudson Gateway Association of REALTORS® (HGAR) is a not-for-profit trade association covering over 9,500 real estate professionals doing business in Westchester, Putnam, Rockland, and Orange counties. The Hudson Gateway Multiple Listing Service (HGMLS), owned by HGAR, offers some 24,000 properties in the Bronx, Westchester, Putnam, Dutchess, Rockland, Orange, Sullivan and Ulster counties. It is among the top 50 largest MLSs in the country. Pictured (from left) are: Jim Coleman, executive director, Westchester County IDA; Bill Mooney III, director, Westchester County Office of Economic Development; Leah Caro, HGMLS president; Ann Garti, HGAR & HGMLS COO, Rob Astorino, Westchester County executive; Richard Haggerty, HGAR CEO; John Barrett, CID president; and John Lease III, HGAR Regional VP, Orange County.
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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.
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,

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