News:
Brokerage
Posted: June 28, 2022
Northwest Bank names Pietropaoli as CRE market executive
Rochester, NY With more than 15 years of commercial real estate expertise, Michael Pietropaoli has been named senior vice president, commercial real estate market executive for Northwest Bank’s Great Lakes region.
“We are pleased to welcome Michael Pietropaoli to the Northwest team,” said Mark Reitzes, head of commercial banking. “Mike’s extensive industry experience as a proven, dynamic real estate leader makes him a great candidate to help expand and enhance our commercial real estate capabilities in the region.”
Pietropaoli said, “I’m excited to join the established commercial lending team at Northwest and help advance its commercial real estate business throughout the region. I look forward to working with my partners across the bank to help take our commercial real estate solutions to the next level, delivering best-in-class solutions for our customers.”
In his role, Pietropaoli will lead Northwest commercial real estate opportunities across the bank’s Great Lakes region, including its New York and Pennsylvania geographies. With a passion for developing strong business development opportunities for clients, Pietropaoli is excited to connect Northwest Bank clients with the solutions, resources and personalized guidance they need to ensure continued business growth and success.
Prior to joining Northwest, Pietropaoli served as vice president for KeyBank Real Estate Capital. He also held roles at development companies, BB&T Bank and M&T Bank.
Pietropaoli earned his master’s degree in real estate development from John Hopkins University, and a Bachelor’s degree in finance from Loyola University.
Active in his community, Pietropaoli previously served on the Rochester Downtown Development Corporation board of directors and is a member of the National Association for Industrial and Office Parks (NAIOP) Upstate Chapter. Pietropaoli also takes time to mentor others and often volunteers as a guest speaker for Leadership Rochester, where he is also a former program graduate.
Tags:
Brokerage
MORE FROM Brokerage
Marcus & Millichap brokers $16.25 million sale of Ponce Bank flagship headquarters in the Bronx
Bronx, NY Marcus & Millichap negotiated the sale of a net-leased bank property occupied by Ponce Bank. The asset sold for $16.25 million. “This property drew tremendous interest as it was a
Quick Hits
Columns and Thought Leadership
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
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
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
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