News: Brokerage

City of Albany, ALDC and Downtown BID hold forum for 200 attendees

Nearly 200 developers, investors, individuals with entrepreneurial spirit, property owners, and lending institutions attended a Downtown Albany Development Forum on March 19, a collaborative effort of the city, the Albany Local Development Corp. (ALDC) and the Downtown Albany Business Improvement District (BID) presenting detailed information on available resources for rehabilitating vacant or under-utilized mixed-use projects in the downtown area. The presenting sponsor was Berkshire Bank. In addition to mayor Jerry Jennings, Michael Yevoli (president, ALDC), and Pamela Tobin (executive director, Downtown Albany BID), representatives from organizations administering the incentive and grant programs were featured and included:  Chris Leo representing Joseph Rabito, deputy commissioner, NYS Division of Housing and Community Renewal; Daniel Mackay, public policy director, NYS Preservation League; Linda Hill, principal economic developer, National Grid; Steven Weiss, managing partner, Cannon, Heyman & Weiss, LLP; Megan Daly and Maria Pidgeon (from the city's Department of Development and Planning).
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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,

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
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
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,