News:
Spotlight Content
Posted: December 20, 2016
2016 Year in Review: Shimon Shkury, Ariel Property Advisors
Shimon Shkury, Ariel Property AdvisorsName & Title: Shimon Shkury, President
Company Name: Ariel Property Advisors
What project, transaction, market trend or product had the greatest impact on your industry this year?
Over the past year, balance sheet lenders have become more conservative, resulting in a tighter financing market. Because of this, the market is being driven by equity as opposed to debt, and many investors have begun to fill the void traditionally occupied by banks. We haven’t necessarily seen a dramatic change in overall pricing due to this trend, but we have seen lower transaction volume in the development market in particular. While this should start to ease with the recently announced resolution of the 421-a abatement, the market for luxury residential apartments and the trajectory of interest rates loom large.
Tags:
Spotlight Content
MORE FROM Spotlight Content
2026 Developing Queens: The Sutphin Hillside Towers at Jamaica Station
Queens, NY Asset CRG Advisors brokered one of the largest Opportunity Zone development sales in the country — a transformative site in the heart of downtown Jamaica. Managing partners Yuriy Ustoyev and Sadya Liberow represented both buyer and seller in the $59.7 million transaction
.png)
Columns and Thought Leadership
Properly serving a lien law Section 59 Demand - by Bret McCabe
Many attorneys operating within the construction space are familiar with the provisions of New York Lien Law, which allow for the discharge of a Mechanic’s Lien in the event the lienor does not commence an action to enforce following the service of a “Section 59 Demand”.
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto
Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
CRE Guide Featured Company: Merritt Environmental Consulting Corp.
Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens
The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach
