News: Brokerage

Paul Bulmer: CIREB Immediate Past-President

Name: Paul Bulmer Title: Senior Director of Real Estate Company: Vanguard-Fine, LLC Location: Albany, N.Y. Birthplace and year: Troy, N.Y., 1962 Family: Wife Leslie; children: Laura (9 years old); William (7 years old) College: State University of New York at Potsdam, BA in Economics First job outside of real estate: I have been in commercial real estate since graduating from college. Prior to college I was flipping burgers at McDonald's. First job in real estate or allied field: 1985, Walter Uccellini/United Group of Companies, Albany, N.Y. my title was development specialist. Primary responsibility was to identify and determine economic viability for new commercial development opportunities, mostly hotels and office projects. What do you do now and what are you planning for the future? We are a full service commercial brokerage company specializing in retail. We represent both tenants and landlords. We also provide development consulting services for a large number of clients. We work throughout NYS, Pennsylvania and western New England. We are looking to continue to expand our tenant client base and increase our work in both the office and industrial markets. Person you admire most (outside of family): John Glenn If you had to choose another vocation what would it be? Chef
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Columns and Thought Leadership
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.
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,