News: Brokerage

NAI Platform hosts CIREB's June marketing session at 253 Troy Rd.

CIREB's June marketing session, hosted by NAI Platform, was held at 253 Troy Rd. with guest speaker NYS senator Roy McDonald. The building is 209,822 s/f on 73.2 acres with views of the Albany skyline. The main plant area is just over 150,000 s/f with 35'x65' column spacing. The office area consists of just over 32,000 s/f on three floors. There will no marketing session in August. New CIREB members include the following: * Broker membership: Mark Petrie - Re/Max Champions. * Associate membership: Jonathon DiCesare - Realty USA, Shannon Gillson - Conti Appraisal, Laurie Leckonby - The Kinderhook Group, Mathieu Moulin - Coldwell Banker Prime, Shannon Muth - Galesi Group, Chad Perkins - ReMax Champions, and Tyler Phillips - Keller Williams Cap District. Educational update: CCIM 104 will be held at CIREB headquarters from Monday, August 17 - Saturday, August 22. Please register at ccim.com. CIREB holds its monthly marketing sessions on the first Thursday of each month and are free to all CIREB members. Guests may attend these sessions at a cost of $10 per person. If you would like to attend a marketing session or join CIREB, please call Kelly Pierce at (518) 464-0194 or visit www.CIREB.com for more information.
MORE FROM Brokerage

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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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.
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

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,