News: Brokerage

CIREB hosts May 5th marketing session at One West Avenue

On May 5th, CIREB's membership met at One West Ave., a premier medical arts building available for lease through Prudential Blake Atlantic. One West Ave. is located less than ½ mile from Saratoga Hospital and minutes from Downtown Saratoga. There is a unique opportunity to pick from four suites, custom designed by Olsen Associates. Ample, 300 car parking includes covered canopy. Available suite sizes range from 1,200 - 4,300 s/f. Earlier this month Governor Cuomo and his senior staff began a statewide tour in order to speak directly to the people of New York about, among other issues, creating a property tax cap. At the May marketing session CIREB members had an opportunity to meet with Mark Streb, director of intergovernmental and regional affairs for the NYS Department of State - Capital District, to discuss many issues, including the proposed tax cap, the new DEC storm water regulations and the cost of doing business in New York State.
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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
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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,