News: Brokerage

CPC names three new board members: Beal of Related, Tomson of Capital Bank and Wiener of Wells Fargo

The Community Preservation Corp. (CPC) has elected three new affordable housing career leaders to the CPC board: * Bruce Beal, Jr. is president and general partner of Related Cos. * Anders Tomson is president of Capital Bank, a division of Chemung Canal Trust Company. * Alan Wiener is head of Wells Fargo Multifamily Capital. "As we continue to strengthen CPC's future, we will need the input and guidance from valued experts to help us in the next phase of the organization. Anders, Bruce, and Alan will certainly be welcome voices to guide CPC in pursuing its mission of high-quality housing for all New Yorkers. The board is pleased to welcome these distinguished new members to our team," said Michael Hegarty, CPC board chairman. "We are honored to welcome Anders, Bruce, and Alan to our board. As recognized leaders in New York real estate, their wide-ranging experience will provide CPC with unique perspective and enhance our efforts to strengthen the housing stock in communities throughout the state," said Rafael E. Cestero, President and CEO of The Community Preservation Corporation. "I am certain that their guidance and insight will be a tremendous asset to the board as CPC looks to the future."
MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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,
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.