News: Brokerage

Atlantic Development appoints Stolper as executive vice president

Michael Stolper has joined Atlantic Development Group as executive VP and general counsel.  He will be responsible for handling all legal matters for the firm and overseeing special assignments under the direction of the company's principals. He is a member of the American Bar Association, Association of the Bar of the City of N.Y., NYS Bar Association and the Puerto Rican Bar Association. He serves as general counsel to the board of directors of Amber Charter School and represents the Audubon Partnership for Economic Development. He graduated from Princeton University and Columbia Law School. Stolper was previously a partner in the N.Y.C. office of Orrick, Herrington & Sutcliffe LLP. Prior to that, he spent five years with law firm Donovan Leisure Newton & Irvine. Stolper's professional career also includes serving as an assistant to the special advisor of Hispanic Affairs under the administration of former mayor Edward Koch and as a grant writer for the Hispanic Federation of New York. "Since launching Atlantic Development some 13 years ago, the company has become one of the region's top property development companies," said principal Marc Altheim. "As we continue to grow, new business needs emerge, and we have found it necessary to expand our executive team. Michael's legal and business expertise will certainly help us to keep moving forward. Over the last 18 months, he has worked with us on various issues and is familiar with Atlantic's internal operations. We expect Michael to jump into his new role and get involved in a variety of projects right away." Atlantic Development is a real estate development company founded by Peter Fine and Altheim in 1995.  The firm is focused on public/private projects, affordable and market-rate residential properties, and mixed-use development. Since its inception, Atlantic Development has built 60 buildings and created more than 6,000 units of housing and over 300,000 s/f of commercial space in the N.Y.C. area.     
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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
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 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.
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,