News: Brokerage

CoreNet NYC hosts university fall mixer at The Bridge

Manhattan, NY The CoreNet NYC External Relations and Young Leader Committees hosted a university fall mixer on the art of salary negotiation at The Bridge at Cornell Tech at 11 East Loop Rd. The event took place on September 6th. 

The CoreNet NYC External Relations and Young Leaders committees came together to host this educational networking event, designed to encourage discussion regarding salary and compensation within the current real estate market. Held at Cornell Tech’s new cutting-edge biotech campus on Roosevelt Island, the Fall Mixer provided useful information and resources for all attendees whether they are in the early stages of studying real estate or already working in the industry. The event also allowed attendees to preview this new center for technology and life sciences at Cornell Tech.

Emily Lamia, founder and CEO of Pivot Journeys, Brian Schwagerl, Clinical Professor at New York University Schack Institute of Real Estate and Lee Grandovic, senior managing Consultant at Helbling & Associates, Inc. helped steer the conversation. 

“Our goal was to provide in-depth guidance on everything from salary market rates to appropriate negotiation language.” said Schwagerl. “We worked to breakdown the complex topic down into simpler, straightforward concepts and I hope that the attendees walked away feeling more confident about their ability to strategically approach salary discussions.”

Lamia asked Grandovic if in his several years of recruiting he could remember a time where a candidate’s job offer was rescinded after the candidate asked for a higher salary. Grandovic responded that he couldn’t think of a time where that had happened and that, “as long as your ask is reasonable, employers are not going to take back the offer.”

“Your job offer is so much more than just the salary number,” said Lamia. “Understanding the full benefits package - retirement matching, health care premiums, tuition credits, bonus structure and more - is critical so that you can truly evaluate the whole offer.” 

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and more loan restructuring can help negate any negative trending of NOI on some CRE projects - by Michael Zysman

Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
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