News: Brokerage

Meet the BMAR Member - Dale

Bruce Dale, a dedicated affordable housing advocate, has been part of the The Community Preservation Corp. (CPC) family for 27 years, most recently, serving as senior vice president and regional director overseeing the Bronx and Manhattan. In this capacity, Dale oversaw the entire loan process from origination through underwriting, construction supervision and conversion to permanent financing while managing a team of mortgage officers. Throughout his career at CPC, Dale fostered many valuable partnerships with state, city and not-for profit organizations, which contributed to the financing of nearly $1 billion and 30,000 quality affordable housing units, specifically in Upper Manhattan and the Bronx. Formerly, Dale was a mortgage officer in the Manhattan/Bronx Office responsible for all of CPC's loan activity in northern Manhattan and development of new activity in Harlem. Prior to joining CPC, Dale worked at New York City's Department of Housing Preservation & Development (HPD) as director of operations for rehabilitation programs. In this role, he was responsible for three programs, 4,000 units of city-owned housing, a budget of approximately $22 million and a staff of 35 people. Before that, Dale was HPD's director of the Bureau of Rehabilitation Programs and prior to that, he was director of HPD's Management in Partnership Program. Before joining HPD, Dale held a number of positions as an architect and urban planner including eight months with the N.Y.C. Department of City Planning and five years in Rome, Italy during which he specialized in Historic Preservation. He has lectured, organized public forums and published articles on the urban environment in the United States and Europe. Dale received his B.A. degree from Brooklyn College and his Masters of Philosophy, Urban Planning and Masters of Architecture from Columbia University. Dale currently resides in the Village of Hastings-On Hudson and serves on their planning board.
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Columns and Thought Leadership
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.
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