News: Brokerage

Gati of Architecture Studio wins Building Award from the QBBA

William Gati, AIA, of Architecture Studio, received the Building Award from the Queens Bronx Builders Association (QBBA) for the Lawrence Blum, M.D. Ophthalmology, Cataract & Refractive Surgery Center, a 10,000 s/f medical office. It is located on the second floor of a new condo development in Kew Gardens on Metropolitan Ave. and 118th St. above a TD Bank and next door to Montrose Surveying and other commercial and office buildings. The space includes 20 separate offices, exam and procedure rooms, reception area, operatory, lunch room and eyeglass sales. The original space had exposed concrete walls, floors and ceilings and not much else. They built out the floors, walls and ceilings and provided all interior design and decorating services in addition to construction administration services. They also incorporated energy efficiency and green features, such as insulation, energy efficient lighting and appliances. The space is heated and cooled with a high efficient system. The project came in on time and under budget and the contractor did not request or receive any change orders. The project was built according to the plans and no as-built plans were necessary because there were no changes from the approved plans. The architect was Architecture Studio. This project took a while to design. Blum changed locations and wanted to stay at there until he retired, so he had to carefully think about his long-term goals. The acquisition and construction cost has made this project easily affordable for Blum.
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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
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.
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,