News: Brokerage

The #1 lesson from the SIOR Conference - by Rod Santomassimo

As of the writing of this article I had just returned from Phoenix after presenting a session on the three optimal ways to create more personal and professional margin in your commercial real estate business, and life at the Spring SIOR TransAct 360 conference.

If the conference taught me anything it is that live events are back and as strong as ever. Regardless of your position on the pandemic, and I recognize New York is starting to see a rise in derivatives of COVID occurrences, it cannot be denied that commercial real estate professionals, in general, are eager to get back out and connect with colleagues, peers, prospects and clients.

Commercial real estate has been and always will be a relationship business, and relationships require connections far beyond what Zoom, Skype or Microsoft Teams will ever provide. It was amazing seeing so many of our clients in the conference halls, the hotel bar, the night parties, the hiking trails, or hotel gym. And yet, not a single mask be found. And as someone who has had COVID three times—that’s right, three times—and who has been vaccinated, boosted and although asthmatic—this was a welcomed sight.

Of course there were high-impact lessons shared during the conference itself. And yes, the Pandemic and the impact on office space, re-engagement and recommitment to such space was on the forefront of discussion. However, it was the estimated 800 people in attendance that had the greatest impact of all.

Now, let’s just hope there was a substantial increase in attendance in Vegas and ICSC this month.

Rod Santomassimo, CCIM, is the founder and president of the Massimo Group, LLC, New York, N.Y.

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