News: Brokerage

Professional Profile: Michael Riegel 2012

Name: Michael Riegel Title: Vice President, Housing Development Company: Belmont Housing Resources for WNY, Inc. Location: 1195 Main Street, Buffalo, NY 14209 Place of birth: Buffalo, NY Spouse: Wife, Tracy and children Sean, Ryan and Caitlin College: SUNY Fredonia (BA), Canisius College (MBA) First job unrelated to your current field: Registered Rep. with First Investors Corp. What your firm does now and its plans for the future: Founded in 1977, Belmont Housing Resources is a leading advocate for quality affordable housing, offering a variety of housing-related programs and services to promote homeownership, educate renters & landlords, improve existing housing stock, and develop & manage affordable housing. We will continue to expand housing opportunities to meet a basic need and improve quality of life throughout our community. Hobbies: Reading, sports Favorite films: "The Bridge on the River Kwai", "North by Northwest", "A Few Good Men" Favorite novels: "To Kill a Mockingbird", "The Hound of the Baskervilles" Keys to success: Achieving comes from believing. If you had to choose a different profession, what would it be?: Medicine or Law Person you admire most (outside of the family): Abraham Lincoln
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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 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,

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