News: Brokerage
Posted: September 10, 2024

Ariel Property Advisors hosts Coffee and Cap Rates event

Shown (from left) are: Ralph Bumbaca, Christopher Albanese, Tamika Edwards, Jasper Wu, and Shimon Shkury.

Manhattan, NY Ariel Property Advisors (Ariel) presented its mid-year Coffee and Cap Rates event on July 31st, sharing the latest trends in investment sales market and capital services in New York City. The event was hosted by TD Bank.

Over 200 NYC real estate professionals attended this networking breakfast held at TD Bank’s conference center at One Vanderbilt across from Grand Central Terminal. The theme of the latest Coffee and Cap Rates event was “Visions for Future Growth in NYC Commercial Real Estate” and featured a panel of industry professionals sharing their perspectives on the commercial real estate investment and development markets, including an exploration of New York State’s recently approved housing policy.

Shimon Shkury, president and founder of Ariel Property Advisors moderated the panel and kicked off the event with a presentation discussing the performance of the New York City investment sales market in 1H 2024 as well as key findings from the firm’s recently completed half-year reports.

The three industry expert panelists included Ralph Bumbaca, NYC market president, TD Bank; Christopher Albanese, president, Albanese Organization; and Jasper Wu, vice president, ZD Jasper. Each provided their take on the state of NYC commercial real estate.

As with previous Coffee & Cap Rates, Ariel will be donating all proceeds to Legal Outreach, a nonprofit that helps young people from underserved New York communities gain admission to the country’s most competitive colleges and universities.

The Coffee & Cap Rates series is a semi-annual program, and the next event will take place in February 2025.

Tags: Brokerage
Print
Share
Reprint
Previous Story Next Story
READ ON THE GO
DIGITAL EDITIONS
Browse Now
Subscribe
Quick Hits
Commercial Classroom; Pricing investment properties - by Edward Smith Jr.
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

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,
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
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.