News: Brokerage

RAC NYSCAR holds 13th annual president's dinner and awards banquet

On November 21st, 2013, the Rochester Area Chapter of the New York State Commercial Association of Realtors® (NYSCAR) held its 13th Annual 2013 President's Dinner and Awards Banquet at The Inn on Broadway. At the event, Anthony Costello, chairman and chief executive officer of The Costello Group., was presented with the "Allan D. Moore Lifetime Achievement" Award in recognition of his exemplary achievements, personal commitment, dedication and performance in the Commercial Real Estate industry within the Greater Rochester community. Mark Rohlin, Mission Commercial Realty, LLC, was recognized as the "Commercial Realtor of the Year," having demonstrated excellence, commitment and distinction within the Commercial Real Estate profession. Ted Welter, Welter Realty, LLC, was recognized and received the "Meritorious Service Award," for his long-standing dedication to the RAC NYSCAR organization as a state board of governors member, a RAC NYSCAR board member and past 2011 president. Michael Frame and Angelo Nole, both from CBRichard Ellis/Rochester, received the "Commercial Deal of the Year - Sale" Award in recognition for the sale of Perinton Square, a 194,400 s/f grocery anchored regional shopping center to the DiMarco Group. Michael Palumbo, from Flaum Management Company, Inc., received the "Commercial Deal of the Year - Lease" Award in recognition of the transaction that included the relocations of Tops and Frontier Communications in Brighton. The Deal of the Year Award for Sale and/or Lease is given to the most interesting, creative, complex, meaningful or largest transaction for the year. The event also included the installation of officers for 2014. Joe Rowley, from Buckingham Properties, and former NYSCAR past president presided over the swearing in of Mercedes Brien, Mission Commercial Realty, LLC, as president; Bernie Fallon, Fallon Associates Realty, Inc., as vice president; John P. Rynne, Rynne, Murphy and Associates, Inc., as treasurer; and Adam Smith, The Cabot Group, as secretary. Directors installed for 2014 were Anita Bruckner, RE/MAX Realty Group-Commercial Division; Scott Burdett, Flaum Management Company, Inc.; Tom Lockwood from HUNT Commercial Real Estate; Ginny Norris, Mission Commercial Realty, LLC; and Gregory M. Oehler, MBA, HUNT Commercial Real Estate.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
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