News: Brokerage

BNYDC appoints Ehrenberg as president and CEO

The Brooklyn Navy Yard Development Corp. (BNYDC) revealed that David Ehrenberg, currently executive vice president at New York City Economic Development Corp. (NYCEDC), has been appointed as the new president and CEO of the not-for-profit that manages the 300-acre, city-owned industrial park. While at NYCEDC, Ehrenberg played an integral role in fulfilling the Bloomberg Administration's five borough economic development strategy. The Brooklyn Navy Yard has emerged as the national model of urban manufacturing, having benefitted from $250 million in public investment that spurred some $750 million in private investment. Ehrenberg and his team will oversee the development of more than one million s/f of new industrial space within the Yard, upgrading the Yard's infrastructure in addition to leasing and promoting local economic development through the Yard's employment programs. "I am pleased to welcome David Ehrenberg to the Navy Yard's helm," said mayor Michael Bloomberg.
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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,