News: Brokerage

The Cement League hires Salgo as executive director

According to The Cement League, Michael Salgo, Esq., has been named as executive director. In this capacity, he will lead the highrise concrete contractors association of New York City. Salgo brings 35 years of legal experience to the role. He has worked with construction trade associations negotiating collective bargaining agreements with various union trades, running meetings, managing negotiations between trade contractor associations and unions and representing industry promotional funds and pension and welfare funds. Salgo has represented contractors in all aspects of construction law and has litigated cases involving lien foreclosure, bond enforcement, breach of contract and numerous real property and construction issues. He is also well versed in handling residential and commercial real estate transactions. Salgo has lectured on mechanics liens, payment and performance bonds, and other construction related topics. Mr. Salgo earned a Juris Doctor from Hofstra University School of Law and is admitted to practice in Eastern and South Federal District Court and the Second Circuit Court of Appeals and the United States Supreme Court. Founded over 100 years ago, The Cement League is comprised of the principal concrete building construction firms and has always played a leadership role in the unionized construction industry. Its members include many of the premier concrete contractors, general contractors and construction managers operating the New York region.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.