News: Brokerage

The Building Owners and Managers Association of Westchester elects 2015 Slate

The Building Owners and Managers Association of Westchester County revealed the election of its slate of officers for the 2015 term. Ian Ceppos of Colliers International was elected president for his second term. The officers and directors were sworn in at BOMA Westchester's Annual Holiday Party and Inauguration of Officers held December 11 at Westchester Hills Golf Club. Other officers elected and sworn in for the 2015 term were: Vice president, William Bassett of Cushman & Wakefield; secretary, Susan Curtis, RPA, FMA of RXR Realty and treasurer, Scott Tangredi of Reckson, a Division of SL Green. The following directors were also elected: Dean Bender of Thompson & Bender; David Berk of Normandy Real Estate Partners; Vinny Finnegan of Mack-Cali Realty Corp.; John Lomurno, SMT of GlobeOp Financial Services LLC; Caroline Molloy, RPA, LEED, AP of Cushman & Wakefield; Cameron Paktinat of Colliers International and Allied Representative is Paul Senecal of United Services of American, an Affineco Co. BOMA Westchester is the county's leading professional organization dedicated to meeting the needs of building owners, property managers and allied professionals and tradespeople. BOMA Westchester is an affiliate of BOMA International --- the oldest and largest association of the office building industry, with over 100 federated associations in the United States and around the world. The 17,000-plus members of BOMA International own or manage more than 9 billion square feet of commercial properties in North America and abroad. Not pictured: President Ian Ceppos of Colliers International, Director David Berk of Normandy Real Estate Partners and Director Caroline Molloy of Cushman & Wakefield.
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Columns and Thought Leadership
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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