News: Brokerage

Tristate Realtors Commercial Alliance honors Kardon of NAI Mertz

According to NAI Mertz, Realtor, Roy Kardon, SIOR, VP, has been chosen to receive the first ever award for Good Citizenship by the Tristate Realtors' Commercial Alliance. Barry Mertz, SIOR, also received an Outstanding Achievement Award for 35+ years in the real estate community, and Scott Mertz, SIOR, received an award for 750,000+ s/f of industrial leases in 2010. Kardon has been an active participant in the American Cancer Society's endurance sports programs, serving in the last two years as co-chair of their Bike-a-Thon that has raised over $11 million to fight cancer. He is currently chairman of their Determination program. In addition, weekly he serves as a Para Chaplain visiting about 50 patients at the Hospital of University of PA, counseling patients of all faiths and their loved ones. He also serves as Treasurer for the Golden Slipper Club and Charity Senior Center, which serves about 1,000 patients annually. He is the first Golden Slipper member to receive a grant under a new program that will engage Golden Slipper members to join him on his visitations to hospital patients. NAI Mertz is one of the largest commercial and industrial real estate offices in the Philadelphia area, with complete real estate services, including commercial, land, industrial, retail, site selection, investments and property management offered also throughout Southeastern Pennsylvania, all of Southern New Jersey and Northern Delaware. NAI Mertz is the South Jersey representative for NAI and the Industrial Member representative for Philadelphia County. Mertz Corporation of PA is the NAI representative for the Scranton/Wilkes-Barre, PA area and Northeastern Pennsylvania. As a global real estate service provider we have more than 350 offices covering 55 countries in the United States, Canada, Latin America, Europe and Asia Pacific. NAI was responsible for over $45 billion in corporate real estate transactions last year.
MORE FROM Brokerage

REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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.