News: Brokerage

Howard Saperston, Jr., SIOR, Chairman, Saperston Real Estate

Name: Howard Saperston Jr. SIOR Title: Chairman Company: Saperston Real Estate Location: Buffalo, N.Y. Birthplace: Buffalo, N.Y. Family: Wife, Mary; sons, Howard III, Scott; and grandchildren: Max, Katherine Rose, Howard IV and Sawyer College: Franklin and Marshall First job outside of real estate: Digging ditches for Iroquois Gas, the predecessor of National Fuel First job in real estate or allied field: Salesman at Saperston Real Estate What do you do now and what are you planning for the future? Sales and leasing of commercial and industrial real estate. To continue to assist Western New York companies hopefully grow and succeed. Hobbies: Sports, reading, travel and being with family Favorite book: "Trinity" by Leon Uris Favorite movie: "Casablanca" Person you admire most (outside of family): Northrup Knox - co-founder of the Buffalo Sabres Keys to success: Knowledge of the industry, relating to the customer and knowing when to listen If you had to choose another vocation what would it be? National Hockey League goalie (Walter Mitty)
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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
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,

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