News: Brokerage

Rowley of CB Richard Ellis/Rochester installed as the 2010 NYSCAR president

According to CB Richard Ellis/Rochester, Joseph Rowley, Jr. has been installed as the president of the New York State Commercial Association of Realtors (NYSCAR) for 2010. Rowley has been a vice president with CBRE/Rochester since 2001, and has practiced in the Rochester and upstate New York commercial real estate markets for over 25 years. Chartered in 1995 as a commercial overlay board, NYSCAR is a specialty local board of Realtors with statewide jurisdiction. NYSCAR was formed by commercial practitioners who had a vision of a board of Realtors dedicated specifically to commercial issues. In succeeding years, NYSCAR has implemented that vision by creating opportunities for members to enhance their professional education, to network with colleagues across the state, and to market commercial property in statewide forums. There are six active NYSCAR chapters throughout the state, including: Greater Capital, Hudson Valley, Metro Long Island, Rochester Area, Western New York and Southern Tier. One of the most visible and most successful of NYSCAR's endeavors has been the development of the annual commercial real estate conference at the Turning Stone Resort held each June, jointly sponsored by NYSCAR, the Northern N.J./NYS Chapter of CCIM and the Upstate and Downstate Chapters of SIOR and the Society of Exchange Counselors. This premier event has grown to three days packed with six challenging and topical continuing education courses, one and a half days of marketing sessions facilitated by the SEC, and networking events ranging from a golf tournament to a luncheon featuring nationally recognized keynote speakers.
MORE FROM Brokerage

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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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 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
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