News: Brokerage

CoreNet Global's N.Y.C. Chapter introduces Mobile App for Apple and Android

CoreNet Global's N.Y.C. chapter has introduced a mobile application for iOs (Apple) and Android platforms to enable its members to easily connect with each other, expand their knowledge of the organization, and register for chapter events on-the-go. "Technology has transformed the way our members work, and the use of Smartphones and mobile apps has become ubiquitous in business," said chapter chairman Lou Nowikas, who is vice president, Corporate Real Estate & Facilities Planning, at Hearst Corp. "We developed this app to help better serve our members, providing them with the opportunity to connect with the chapter whenever they want to and wherever they are." The template created for the New York chapter's app - the first app built solely for a chapter of the international organization - has become the benchmark for other CoreNet Global chapters. "We are proud that the New York chapter saw this opportunity to create this useful tool for our members and is a trailblazer for the global organization," said Nowikas.
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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