News: Brokerage

Bloomberg policy advisor Nadibaidze presents to CoreNet

CoreNet Global New York City Chapter (CoreNet NYC) has hosted "Climate Change Mitigation in New York City: Sources of Carbon Emissions and Strategies for Emissions Reductions" on Thursday, September 12th at Steelcase. This exclusive presentation by Levan Nadibaidze was organized by the chapter's growing Sustainability Community, corporate real estate leaders committed to accelerating the adoption and diffusion of sustainable and socially responsible practices in their industry. Nadibaidze, policy advisor for mayor Michael Bloomberg's office of long-term planning and sustainability, discussed the city's current sources of carbon emissions and described progress in reducing them since PlaNYC, Bloomberg's landmark sustainability plan, committed the city to reducing its emission 30 percent by 2030. Nadibaidze also outlined the challenges that each emissions-producing sector - buildings, power, transportation, and solid waste - would have to address on the road to further emissions reductions. Attendees, consisting of industry leaders, were given major recommendations directly relating to the mayor's office's goals for sustainability. According to Nadibaidze, next steps include continuing to implement the city's Greener, Greater Buildings Plan to advance building energy efficiency efforts, scaling up energy efficiency financing, and encouraging greater adoption of solar PV installations.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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Columns and Thought Leadership
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 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.
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,