News: Brokerage

Kim of Studley reps. Kia Motors America in a 11,500 s/f lease

Kia Motors America, Inc. has plans to relocate its Northeast regional sales office to One Tower Center from 3000 Atrium Way in Mount Laurel, N.J. by the end of the year. The automobile company, has signed an 11,500 s/f lease in the class A building. Studley, the company's commercial real estate advisor, also consults with the firm on its industrial, supply-chain requirements on the West Coast. David Kim, corporate managing director in Studley's Downtown Los Angeles office, represented Kia Motors. The building owner, Boston Properties, Inc. was represented in-house. One Tower Center is a 23-story class A office building within a mixed-use development that includes a second 23-story office tower, the 12-story Hilton East Brunswick hotel and conference center, and multi-level covered parking. The tower was built in 1986 and completely remodeled in 2000.
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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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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

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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

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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