News:
Brokerage
Posted: March 14, 2023
Rochester Area Chapter of NYSCAR names 2023 new board members
Rochester, NY The Rochester Area Chapter (RAC) of the New York State Commercial Association of Realtors (NYSCAR) named three new board members for 2023: Thomas Latta, Buckingham Properties, has joined as vice president. Dexter Craig, North Star Real Estate, and Justin Merriam, Flaum Management Company, Inc., have joined as directors. They join new president, Christopher McCarthy, Keller Williams Realty GR; new treasurer, Peter Gillett, Flaum Management Corp., Inc., and new secretary, Alex Amorese, CBRE|Rochester, all of whom served on the board in 2022.
Remaining directors continuing for 2023 include Anthony Cashette, Leverage Properties, LLC, Matthew Drouin, ROC Real Capital, LLC, and Christopher Passero of Passero Realty Services LLC. RAC NYSCAR would like to thank our outgoing board members, Dara Petralia, Peter Burke and Harry Gleason for their fine service during their tenure on the board.
RAC NYSCAR held their 2023 kick-off luncheon on January 19 at the Jackrabbit Club. The keynote was delivered by Patrick Dutton of Fortified Real Estate, who spoke on the unveiling of his company’s vision of redevelopment in downtown and a discussion around how Rochester’s brokerage and development communities can improve engagement to uncover additional opportunities in the market.
RAC NYSCAR is a group of approximately 120 commercial real estate broker and affiliate members dedicated to promoting the interests of commercial real estate professionals in the Rochester region. The jurisdiction of the Rochester Area Chapter is the geographic area of Monroe, Wayne, Ontario, Livingston, Steuben, Yates, Seneca, and Eastern Orleans (east of Rte. 98) counties.
Tags:
Brokerage
Western NY
MORE FROM Brokerage
NYSCAR June 2026 president’s message - by Mercedes Brien
As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
Quick Hits
Columns and Thought Leadership
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
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
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
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
