News: Brokerage

Meet the NYSCAR Members - Smith

Edward Smith, CREI, ITI, CIC, RECS, is the regional director and corporate commercial trainer for Coldwell Banker Commercial NRT operations on Long Island and the Mid-Atlantic region. He is a NYS licensed real estate broker, specializing in commercial and investment real estate, with 35 years of brokerage experience. He is an Instructors Training Institute (ITI) graduate and has 10 years experience teaching commercial real estate courses. He has authored four 7.5-hour continuing education courses. He is Past President of the New York State Commercial Association of Realtors®, Past President of the Metro-Long Island Chapter of NYSCAR; Past President of the Long Island Commercial Network (LICN); and has served as a Director of the Long Island Board of Realtors®. He is also a former Officer and Director of the Commercial Industrial Brokers Society (CIBS). Currently, a Director of the New York State Association of Realtors®, he also serves on many of their committees including: Chairman of the Commercial Issues Committee; Legislative Steering; Education Management and previously served as Statewide RPAC Chairman. He serves on the Boards of NYSCAR and LICN and he is a Director of the Real Estate Practitioners Institute at Long Island University. Edward S Smith EMAIL NYSCAR Advisory Board Coldwell Banker Commercial NRT 5018 Expressway Dr S Ronkonkoma, NY 11779 631-588-9090 631-588-0448 fax [email protected] * www.cbcnrt.com
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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
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 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.
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