News: Brokerage

Brooklyn Chamber of Commerce names winners of Building Brooklyn

The Brooklyn Chamber of Commerce named the 17 winners of the 8th annual Building Brooklyn Awards that will be honored on July 17th at Stage 6 at Steiner Studios in the Brooklyn Navy Yard: 1. Center for the Urban Environment HQ's in the Adaptive Re-Use category. 2. Glenmore Gardens in the Affordable Housing category. 3. Crescendo in the Arts & Culture category. 4. Floating Pool Lady in the Brooklyn Innovator category. 5. Brooklyn Central Library Entry Plaza & Auditorium in the Community Facility category. 6. PS1/Bergen School Library in the Education: Interiors category. 7. Poly Prep Lower School in the Education: New Construction category. 8. 135 Joralemon St. in the Historic Preservation category. 9. Public Plaza at the Marriott in the Landscape/Open Space category. 10. State Renaissance Court in the Large Scale Affordable Housing category. 11. J Condominium in the Large Scale Residential category. 12. Greenbelt in the Mixed-Use category. 13. 164 Atlantic in the Multi-Family Rehabilitation category. 14. 14 Townhouses in the Neighborhood Scale Development category. 15. Aviator Sports & Recreation in the Recreation category. 16. 377 Pacific St. in the Residential. 17. Dig in the Retail category: . The chamber will also honor Mike Baker, store manager of IKEA, and Mary Brennan, senior vice president at The Community Preservation Corp.
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AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
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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
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
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 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.