News: Brokerage

Building Trades Employers' Association hosts MoMA Tower case study

The Building Trades Employers' Association (BTEA) hosted "Meet the Owner: A BTEA Project Case Study," an in-depth case study of Hines' MoMA Tower. The event featured presentations from Hines, Ateliers Jean Nouvel and Lend Lease, and was held at the Santander Auditorium. MoMA Tower project team members discussed the driving vision behind the skyscraper as well as the design challenges that needed to be overcome to develop a successful venture of this magnitude. Speakers included Bertram Beissel von Gymnich, partner at Ateliers Jean Nouvel; Tommy Craig, senior managing director of Hines; Timothy Flynn, vice president of construction, east region, at Hines; David Penick, managing director at Hines; and Nicholas Grecco, senior vice president, project executive, at Lend Lease. The MoMA Tower project team provided an outline of the skyscraper's floor plan as well as the purchaser profile for residential units. The management team emphasized developing an effective marketing strategy to present the building's upscale features and target a high-end consumer. The MoMA Tower project also team described the unique, compartmentalized design of the skyscraper that required efficient communication from the building and design teams. In addition, speakers explained the extensive safety precautions that need to be taken during construction to ensure the safety of the general public and the construction workers, including crane operating procedure on a building with such a distinct shape.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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