News: Brokerage

Steven Salomone Sales and Marketing Director Prudential Serls Prime Properties Commercial Group

Name: Steven Salomone Title: Sales and Marketing Director Company: Prudential Serls Prime Properties Commercial Group Location: Hopewell Junction, N.Y. Birthplace and year: Bronx, N.Y. Family: Married, 4 children College: SUNY Albany, BS, Business Administration First job outside of real estate: Owned and operated a commercial printing company First job in real estate or allied field: Prudential Serls Prime Properties Commercial Group What do you do now and what are you planning for the future? Now: Commercial brokerage (investments properties, business relocations or expansions, land development deals, leasing) Future: Consultation on commercial real estate investments, tenant representation and consultation, land development as an equity participant. Hobbies: Horseback riding, coaching baseball Favorite book: "Of Mice and Men" Person you admire most (outside of family): Vince Lombardi Keys to success: Persistence, determination, hard work and a positive attitude. Treating others the way I want to be treated. If you had to choose another vocation what would it be? I would return to the graphic arts in some capacity - production or design.
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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