News: Brokerage

Meet the BMAR Member - Garfunkel

Ron Garfunkel is president and CEO of Service Directions, Inc. (SDi) which is a family-owned and operated business. SDi has been providing laundry machines and operating laundry facilities in residential and commercial properties throughout the metropolitan area since 1952. He joined the business in 1967 after graduating college in 1963 and fulfilling a three-year tour in the army as an officer and a spotter pilot in Vietnam. In the 1970s, he took over from his father and changed the company name to Service Directions, to emphasize their commitment to service. In the new Millennium, the firm is known as SDi Laundry Solutions, as we move away from coin-operated systems and turn to new high-tech solutions to doing laundry. As an innovator in smart card laundry solutions, SDi uses smart card technology in laundry rooms which allow residents to pay by credit or debit card through the Internet. Installing "green" machines to use Smart Card technology allows us to substantially reduce our carbon footprint by eliminating the need to drive trucks to pick up tons of quarters every week, as we did in the past. Giving back to the community, providing the best in customer service, helping to reduce fuel consumption and carbon emissions; these are the three most important goals that Ron has set for himself and his company as we move into the second decade of the 21st Century.
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Columns and Thought Leadership
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.
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
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

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