News: Brokerage

Bonora and Drallios promoted at Costas Kondylis

According to Costas Kondylis & Partners, LLP, Steven Bonora and George Drallios, members of the firm since 1994 and 1995 respectively, have been promoted to partner. Bonora is responsible for developing and maintaining client relations as well as managing the design and construction phases of his team's projects from concept to completion. He possesses over 16 years of experience in the construction industry including more than 13 years of professional experience in the design and construction of numerous rental, condominium, dormitory, and mixed-use projects. In his previous capacity as project architect, Bonora had been responsible for a wide variety of prestigious projects. Drallios manages the ongoing development of the firm's expanding international practice in addition to several of the firm's local projects in the tri-state area. As a partner, he is responsible for the development, coordination and oversight of the design team and technical disciplines associated with a project from its schematic design phase through construction administration.
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Columns and Thought Leadership
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,

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.
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