News: Brokerage

Meet the BMAR Member - Sheehan

John Sheehan is building owner/manager at Skyline Properties, LLC. He graduated from John Jay College of Criminal Justice with a B.A. in 1973. In 1963 he joined the N.Y.C. Police Dept. He specialized in training and anti crime activities, retiring as a detective. In 1981, he began his career in real estate by acquiring apartment buildings for his own portfolio and working for a developer. During that time he has supervised the rehabilitation of many buildings and has participated in the delivery of affordable housing to the Bronx community. He participated in virtually all the real estate programs that were being offered by governmental agencies from local to federal. In addition, he has been active in the acquisition and development of properties in Florida. To further his career in real estate, John went back to school to focus on real estate finance. In 1989, he graduated from the Diploma Program at New York University school Of Real Estate with a Diploma in Real Estate Finance. He is married to his lovely wife Dianne and has two children Molloy 17 years and Patrick 12 years. John also has three older sons John, Michael and Daniel in addition to a granddaughter, Monica. He enjoys skiing and golf, and is a member of the Bronx Realty Advisory Board, Community Housing Improvement Program, Rent Stabilization Association and The Small Properties Owners of New York.
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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.