Shown (from left) are: Jack Britvan, SIOR president of Commercial Realty Services of Long Island, John LaRuffa, SIOR principal NAI Long Island and Ralph Benzakein, SIOR, principal CRESA Long IslandNew York, NY On Thursday October 20, Society of Industrial and Office Realtors (SIOR) rang in the bell at the NYSE with Stewart Title celebrating the organizations’ 75th anniversary. Following the ringing in of the bell, SIOR celebrated their 75th World Conference at the Times Square Sheraton with over 1,100 attendees with opening speaker mayor Rudy Giuliani.
SIOR is the highest and most respected designation that a Commercial Real Estate Broker can obtain.
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,