News: Brokerage

The Westchester Bank names Tolomer to serve as president and CEO

According to The Westchester Bank, veteran banking executive John Tolomer joined the bank as president and CEO. George Dunkel, founding president and CEO of The Westchester Bank plans to retire. Dunkel, who has 50 years experience in the banking industry, joined the bank last year after retiring as president and CEO of Community Bank of Sullivan County in 2005. Tolomer, has 16 years of retail and commercial banking experience in Westchester County including executive positions with Citibank and The Bank of N.Y., where he served as a senior VP. In 2003, Tolomer was recruited by Commerce Bank to spearhead its expansion into the Westchester market where he was responsible for building a strong franchise for the bank. Two years later, he was named president of Commerce Florida.
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Columns and Thought Leadership
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.