News: Brokerage

McGuire Dev. promotes Picone to senior director of business development

McGuire Development Company, Inc., a premier commercial development, brokerage and property management firm, revealed the promotion of Vito Picone to senior director of business development for its real estate services group. Picone has over 30 years of experience and has been repeatedly recognized for his excellence in promoting and benefiting community growth by negotiating property sales for the development of new retail, office, and medical projects. His listing portfolio is unmatched in the commercial real estate industry. Among the many facets of the commercial real estate industry that Mr. Picone is experienced and versatile in are Real Estate Brokerage, Property Acquisition/Disposition, Land Development, Build to suits, Joint Venturing, and Site Selection. McGuire Development Company's full spectrum of services is focused on a signature transparent process. This includes clear, open dialogue with current and potential clients regarding all aspects of a business transaction, a practice that actively challenges the industry's status quo.
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
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

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.