News: Brokerage

Mako of Cushman & Wakefield to lead Upstate AI chapter in 2013

The Upstate New York Chapter of the Appraisal Institute (AI) will install John Mako, MAI, SRA of Syracuse as president for 2013 on Wednesday November 7th from 6:30 to 8:30 p.m. at the Best Western Plus, Carrier Circle, off exit 35 of the NYS Thruway. Mako is senior director of Cushman & Wakefield, Inc. He has experience in the appraisal of a variety of properties for public, institutional and private clients throughout the state. The current 2012 president, Donald Fisher, MAI of Syracuse will preside over the event. The other 2013 newly installed officers include Anthony Girasole MAI of Buffalo as president-elect, Robert Stevens of Rochester as treasurer; and Mark Grant of Albany as secretary. New directors installed will be Shawn Riley of Syracuse and Michael Coles of Elmira. Contact Jack Endryck, executive director at (315) 624-0276 for this event. AI is recognized as the leader in the real estate appraisal industry and is one of the oldest organizations of real estate appraisers in the world.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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,

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.