News: Brokerage

CoreNet New York City City hosts "Resiliency: Are you Ready for the Next Superstorm?"x

The New York City Chapter of CoreNet Global hosted a program entitled "Resiliency: Are you Ready for the Next Superstorm?" which was held on Wednesday, February 4 at the Mohawk Showroom at 71 West 23rd St. Hussain Ali-Kahn, director of strategy at CBRE, moderated a distinguished panel of speakers from highly respected companies: * Vincent Warner, managing principal of WB Engineers * Michael Sciara, principal and vice president of John W. Baumgarten Architect * Chip Logan, director of global real estate at BNY Mellon The Devastation of Sandy The panel discussed the threat posed by Superstorms in the aftermath of Hurricane Sandy, and how CRE professionals can best help prepare their companies and their communities for potential future disasters. Panelists recounted severe damages incurred by Superstorm Sandy, including loss of power to buildings such as hospitals and flooded basements. Said Logan, "No one thought a storm like Sandy would hit this City. No one was ready, and preparation was insufficient. I remember downtown Manhattan looking like a third world country." Next Time, We'll Be Ready Panelists lauded the resiliency of New Yorkers in weathering the storm. They offered several recommendations in preparation for potential future storms including the addition of submersible generators to critical facilities, greater quantities of materials to redirect water such as sandbags, and more sophisticated pumping systems.
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Columns and Thought Leadership
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
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 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.
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,