News: Brokerage

Westchester Bank elects Reisman, Arden and Cunningham to board of dirs.

The Westchester Bank has elected three business leaders to serve on its board of directors: Eugene Reisman, Peter Cunningham and Howard Arden. Reisman is COO and managing member of the real estate law firm of Novick, Edelstein, Lubell, Reisman, Wasserman & Leventhal, P.C. Reisman was licensed as a CPA in 1976 and was admitted to practice law in NYS in 1977. He is admitted to practice law before the U.S. District Court for the southern and eastern districts of N.Y. and the U.S. Tax Court. He is a governor of the Bronx-Manhattan North Association of Realtors and a director of the Bronx Realty advisory board. Cunningham is president and CEO of Dover Garage II Inc. and its affiliate, The Dover Group Inc. Previously, he served for a decade as VP of Glenties Leasing Corp. He serves as president of the board of managers of The Kimberly Condominium. He also serves on the alumni executive board of Texas Christian University where he earned an MBA degree from The Neeley School of Business. Arden is president of Arden Business Systems, Inc., an office products company he founded in 1986. He is founder and president of the Friends of Muscoot Park, a 777-acre county park in Somers. He serves as chairman of the Muscoot Park advisory board, chairman of the North Castle Open Space committee and treasurer to the board of trustees of The Friends of Westchester County Parks. He holds a masters of Public Administration form N.Y.U. and a bachelor's degree in Political Science from Methodist University in Fayetteville, N.C.
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Columns and Thought Leadership
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.