(L to R) Mark Xu, Century Development Group; Matthew Xu, Century Development Group; Emily Yu, AREPA Committee Member;
Jessica Huang, AREPA Committee Member; Marissa Huang, AREPA Committee Member
Manhattan, NY The Asian Real Estate Professional Association (AREPA) hosted its Spring 2024 Rooftop Real Estate Networking Event located at Marcum LLP at 730 3rd Avenue 11th Floor Rooftop, on May 29. A crowd of over 100 Real Estate professionals attended this sold out event.
(L to R) Benny Liu, director of Marcum LLP; David Qian, principal of Situs Partners, LLC; George Xu, president of Century Development Group, AREPA Advisory Board; QiLi Li, Century Development Group; Margaret Ling, underwriting counsel AmTrust Title; Tony Huang, principal of The Heights Real Estate Company, president of AREPA; Patrick Yu, attorney at Salamon Gruber, Blaymore & Srenger PC and vice president of AREPA; Jerry Pi, chairman and founder of Pi Capital Partners, and AREPA Advisory Board; AJ Jin executive vice president Flushing Bank; Peter Wu, principal of Eastbrook Real Estate Group and vice president of AREPA
For further information on future events and for Membership information please go to www.arepainc.org
Bronx, NY Investment Property Realty Group (IPRG) closed the sale of 216, 218, 220 East 179th St., a development site located in the Mount Hope section of the city, for $3.735 million.
Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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
When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,