News: Brokerage

Passero Associates reveals leadership transition

Passero Associates reveals a leadership transition that will impact service delivery to clients, stimulate growth and new opportunities, and enhance the firm's overall performance. Gary Passero, PE, F.ASCE, REM, is transitioning from his role as CEO to founding partner. As founding partner, Passero will serve as the firm's touchstone for conducting business according to its core values. Wayne Wegman, PE, is transitioning from president to CEO. As CEO, Wegman will focus on the growth and expansion of the firm, and on maintaining the firm's culture of exceptional service. John Caruso, PE, PMP, a principal, is transitioning from senior vice president to president of the firm. As president, Caruso will ensure that all aspects of the firm's operations contribute towards its success. Passero Associates provides planning, engineering, architectural design, sustainability, surveying, program management and construction administration services in the Northeast, Midwest, and Southeastern United States. Founded in 1972, and with a staff of over 90 professionals, we proudly serve our clients, partnering with them to achieve their goals.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.
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