News: Brokerage

July 2024 NYSCAR president's message: Annual conference a success! - by Robert Strell

Attendees at a marketing session during the annual conference.

It was great to see many of you at the annual conference at Rivers Casino in Schenectady, June 24th!

Robert Strell

The conference, chaired by Mercedes Brien (Rochester) was sponsored by the NYS Commercial Association of Realtors, the Upstate NY CCIM Chapter and the Society of Exchange Counselors. Attendees enjoyed hearing from Schenectady Economic Development commissioner Ray Gillen who welcomed them to the area. Participants also enjoyed great education, investment marketing session and networking. Joe Larkin, CCIM, SIOR (Denver) taught two classes on the topics of subleasing and lease buyout strategies and mastering listing presentations which were well received by the attendees. A marketing session moderated by Wes Dingler, SEC and Nick DeMarte, SEC was a great program for the participants to market their properties and client’s needs. Many thanks to coordinators John Lavelle and Paul Hakim, CCIM who did a great job managing the session.

Congratulations to Mark Rohlin, Mission Commercial Realty LLC, on receiving this year’s Realtor of the Year award! The award was presented during the luncheon session by last year’s recipient, Jim Kelly, CCIM.

Hats off to the chapter presidents who gave a glimpse of their market area during the luncheon: Joe Jacobi, WNY, Christopher McCarthy, Rochester, Tony Paone, Syracuse Area, Karen Zalewski-Wildzunas, Greater Capital, Don Minichino, Hudson Valley, and Paul Fetscher (on behalf of Ira Zucker), NY/LI.

NYSCAR was pleased to support “Operation at Ease” during the conference. The not-for-profit organization takes dogs from shelters and pairs them with deserving veterans and first responders and provides a free guided training program for post-traumatic stress and light-mobility service dogs.

Many thanks to our wonderful sponsors this year:

Diamond: CoStar/Ten-X and Rock Emergency Services

Gold: CIREB, LaBella Associates and New York Real Estate Journal.

Silver: Beardsley Architects & Engineers, Empower Federal Credit Union and Stewart Title Insurance Co.

In-part sponsors: Upstate NY CCIM Chapter and Discover Schenectady.

Robert Strell is president of NYSCAR, Albany, N.Y.

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
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,