News: Brokerage

Meet the BMAR Member - Anastasio

Richard Anastasio, MAI, is the president of Property Appraisal Services. He has been continuously employed as a real estate appraiser since 1970. Experience includes staff appraisal positions in officer capacity for major lending institutions (Chase, Bankers Trust) and investment firms (Prudential). He has been appraising a wide variety of properties since 1970, including office buildings, hotels, shopping centers, apartments, industrial buildings, commercial properties, warehouses, and residential properties. He received his MAI designation in 1981 and has an MBA degree. He has been admitted as an expert witness in several courts. He is generally certified in N.Y., N.J., Conn. and Mass. Richard Anastasio, MAI * Property Appraisal Services 261 City Island Ave., Bronx, N.Y. 10464-1432 Tel. (212) 867-7522 * Fax: (212) 867-8198 [email protected] * www.pasinc.com
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Columns and Thought Leadership
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
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 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.