News: Brokerage

SWBR serves as lead architect on $7.2 million wing of Syracuse’s Rescue Mission

Syracuse, NY Syracuse’s Rescue Mission opened a $7.2 million wing that will, for the first time, open the shelter to women as well as men. Serving as the lead architect, SWBR Architects was responsible for moving the shelter and day center to the recreation center, which opened the shelter for more single rooms. This new building at the Rescue is located at 122 Dickerson St. and will be open 24 hours. The renovations add 51 beds to make the total number of beds on-site 183. It houses mental-health services, health services, technology access, such as iPads, laundry and a fitness center in the new building. Rescue Mission also announced that it will receive $8 million in state money for 68 apartments for homeless men and women. The money will fund half of a new facility on Rescue Mission’s Syracuse campus. The cost of the building will be $16 million.
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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 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
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.