News: Owners Developers & Managers

BOMA New York chair sends message of industry optimism, with a focus on future CRE leaders - by Patrick Dolan

Patrick Dolan, RPA, senior property manager for The Durst Organization and head of operations at One World Trade Center is the new chair of BOMA New York (2024 – 2026).

The following is his first message to BOMA New York members and the local CRE industry.

I am honored to address you as the new chair of BOMA New York. I thank Matt Duthie for his diligence as chair over the past two years, as well as the many great industry leaders that preceded me as chair.

We are at the intersection of a seismic shift in the way corporate occupiers utilize workspace. The perpetual evolution of space utilization is concurrent with the necessity of sustainability compliance, and the advent of new proptech solutions. As we work together, I anticipate an exciting and rewarding experience as chair of BOMA New York.

BOMA New York is in an excellent position as the city’s most influential commercial real estate trade organization. Our membership is at an all-time high; event attendance continues to break records; we merged the Long Island Chapter into BOMA New York; and are offering a robust continued educational program with a newly updated curriculum.

I am committed to the future of the commercial real estate industry and feel strongly about the continued growth of our Emerging Leaders, as well as adding value to the BOMA New York membership experience.

I look forward to working alongside my fellow officers, board members, and staff over the next two years. Just as my team and I model success at One World Trade Center, we will take a team approach to deliver outstanding content, solid networking opportunities, impactful industry advocacy for legislative issues, effective mentorship programs, and a comprehensive educational curriculum.

Recently, in the midst of National Engineers Week, BOMA New York participated in the NYU Schack Institute of Real Estate Industry Career Fair, a requisite to attract the next generation of commercial real estate executives. As we look forward to the next couple of months, please be sure to review the BOMI curriculum, Green & Wellness training opportunities, register for the Spring Bowling Tournament, and save April 30th for Energy Action Day.

I encourage everyone to join BOMA New York and recommend current members to take full advantage of your BOMA New York membership to learn, connect and participate in the continued growth of our industry.

Patrick Dolan, RPA, is chairman of BOMA New York.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt Commercial Real Estate Q&A:  Location, location, location? - by David Hunt

Hunt Commercial Real Estate Q&A: Location, location, location? - by David Hunt

In working with our clients, we break down our search objectives into two categories. The first category involves the specific needs of your business such as warehouse height, amount of office space and number of loading
Hunt Commercial Real Estate Question and Answer:  Evaluating the buyer - by David Hunt

Hunt Commercial Real Estate Question and Answer: Evaluating the buyer - by David Hunt

The Purchaser: This is usually a subjective decision. As an example, a large public company may be a desirable purchaser because it is financially strong, but
IREON Insights:  Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

IREON Insights: Research and development tax credit: Very important deadline for amendments is July 6 - by Richard Levychin

If you are a company that either claimed or qualify for the research and development tax credit you need to be aware of the following update resulting from the One Big Beautiful Bill Act (OBBBA).
Follow the upside: How NYC  investors are rethinking real estate - by Thomas Donovan

Follow the upside: How NYC investors are rethinking real estate - by Thomas Donovan

In my earlier years of brokerage, my team had our investor list divided into five brackets – multifamily, retail, office, industrial and development. For the most part, multifamily investors only wanted to see multifamily