News: Brokerage

Lease and McGorman of John J. Lease Realtors complete sale of the Sisters of the Presentation School and Retreat Center

John J. Lease Realtors have sold the Sisters of the Presentation School and Retreat Center located at 84 Presentation Way. The property was sold to the World Mission Society Church of God based in New Jersey. The 40 acre parcel is located off I-84 and Rte. 207 across from Stewart International Airport. This parcel consists of several large buildings including the main house, chapel, retreat center and administration center which are all connected with interior hallways. There are also 2 school buildings, cottages, barns on the property as well as kitchens and dining facilities. The property was listed and sold by John J. Lease Realtors, which was represented by Richard Lease and Brian McGorman. Richard Lease states that the New Windsor town offices were instrumental in facilitating the transaction and closing.
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Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
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
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.