News: Brokerage

Cassin & Cassin names Schaeffer and McConnell partner; Cosolito promoted to counsel

New York, NY Cassia Schaeffer and William McConnell have been named partner, and Christopher Cosolito has been promoted to counsel at Cassin & Cassin LLP, a law firm specializing in real estate, real estate finance and private client matters, effective May 1, 2022.

As a member of the firm’s Agency Lending and Affordable Housing practices, Schaeffer will continue to represent institutional lenders in the financing of multifamily properties through the Fannie Mae Delegated Underwriting and Servicing (DUS) program and the Freddie Mac Seller-Servicer program, including working on a variety of affordable housing transactions, manufactured housing transactions, multi-state portfolios with various lenders in the GSE lending space. In addition, she represents and counsels clients in connection with bridge loan lending and assignments of mortgages. She received her BA from Hobart and William Smith Colleges, summa sum laud, and her JD from the Elizabeth Haub School of Law at Pace University, cum laude, where she also serves as an Alumni Board Member.

McConnell will continue representing institutional lenders in closing commercial real estate loans intended for securitization or other sale on the secondary market. As a key advisor in the firm’s industry leading Commercial Mortgage-Backed Securities (CMBS) and Bridge Lending practices, McConnell counsels clients, including lenders, servicers, and borrowers, in connection with secured commercial lending facilities, mortgage-backed-securities, and commercial real estate lending. In addition, he has represented and counseled clients in all aspects of commercial real estate transactions, including mortgage origination, financing, leasing, partnerships, loan modifications, workouts, and foreclosures. He received his JD from Widener University School of Law and his BBA from Temple University.

Cosolito, a member of the firm’s Commercial Mortgage-Backed Securities (CMBS) and Bridge Lending practices, will continue to represent institutional lenders in closing commercial real estate loans intended for securitization or other sale on the secondary market. He is frequently recognized by Super Lawyers as a Rising Star in the New York Metro Area. Cosolito received his JD, cum laude, from Touro College, Jacob D. Fuchsberg Law School and his BA, cum laude, from the University of Pittsburgh.

“As the economy continues to rebound following the impact of the pandemic both commercial real estate and affordable housing have never been more important,” said Michael Hurley, managing partner of Cassin & Cassin. “These promotions are a reflection of our firm’s leadership in both of these sectors and the depth of talent we bring in serving the marketplace.”

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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
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 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.