NYSCAR Sept. president’s message: Annual meeting September 15 - by Robert Strell

NYSCAR will hold their Annual Meeting on September 15, 2025 at Turning Stone Resort and Casino, Verona.

Updates will be given from the various committees and also chapter reports from NYSCAR’s seven chapters throughout the state.

NYSCAR members may attend the 10:00 am meeting at the Casino in the Cypress AB Room. We hope to see you then!

Professional development classes (go to https://nyscar.org/professional-development/ to register)

Introduction To Commercial Real Estate Leases – The Engines that Drive Commercial Real Estate 

Instructor: Joseph Larkin, CCIM, SIOR

When: October 8, 2025

Time: 9:00 am – 11:00 am via Zoom 

Registration fee: NYSCAR members – free. Non-members  – $40.

From an investor’s perspective, leases are fundamental drivers of value. Occupiers depend on their leases for stability and direction. Therefore, professionals in commercial real estate should have a solid understanding of the financial implications and business impacts of lease provisions.

When evaluating lease provisions, it’s essential to analyze each provision both individually and collectively, considering the perspectives of both the landlord and the tenant. This comprehensive analysis helps determine the property’s value and assess how these provisions affect the tenant’s business needs, as well as the overall value of the lease for the landlord during its term and after the lease expires.

Miscalculating the size of leased space can have significant financial consequences for both landlords and tenants, potentially resulting in errors worth thousands of dollars. In this presentation, we will provide an overview of the BOMA (Building Owners and Managers Association) methods for measuring office, industrial, and retail spaces.

 Tenants and landlords often have different perspectives on their real estate. We will explore the “four worlds of real estate” and how each perspective can influence real estate decisions. Additionally, we will evaluate and interpret a one-year cost to occupy calculation from the tenant’s perspective and determine the value of the lease from the landlord’s perspective.

Different types of properties are associated with various types of leases. In this discussion, we will compare gross leases and net leases, highlighting how these differences can significantly impact transactions. Additionally, we will examine the comparison between usable and rentable square footage. 

What you will learn:

 • An overview of the various benefits of lease abstracts.

 • The key lease terms that influence a company’s objectives. 

• The repercussions of inaccurately measuring a space’s square footage.

• Methods for accurately calculating the size of a space.

• The different types of leases and their impact on real estate decisions.

• How to calculate the total cost of occupying a space from the perspective of the tenant.

• How to assess the value of a tenant from the landlord’s viewpoint.

• Identifying the different lease types and their effect on real estate decisions.

CRE Ethics 

Instructor: Edward Smith, Jr.

When: September 19, 2025

Time: 9:00 am – 12:30 pm via zoom

CE credit: 3.5 hours

Registration fee: NYSCAR members – free. Non-members – $50.

In New York State this course will provide 3 ½ hours of mandatory continuing education training for license renewal: 2 ½ hours of ethics and 1 hour of agency needed for NYS license renewal.

This course also meets the NAR requirement for code of ethics training.

Safety and Security for Real Estate Professionals

Instructor: NYS Trooper Steven Rothwein

When: Thursday, September 25, 2025

Time: 9:00 am – 10:30 am via zoom

CE Credit: 1.5 hours

In this course we will discuss safety and security at your office, ways to react to an emergency situation and safety tips when showing properties to clients.  We will finish by discussing real life scenarios and how best to respond to them. 

Registration fee: NYSCAR members – free. Non-members  – $25.

Robert Strell is president of NYSCAR, Albany, N.Y.