News: Brokerage

CREW Network holds convention at Hudson Yards District

Shown (from left) are: Steve Cuozzo, Faith Hope Consolo, Kenneth Himmel, Sabrina Kanner, Karen Dome, Shawn Kildare and Joseph Moinian. Shown (from left) are: Steve Cuozzo, Faith Hope Consolo, Kenneth Himmel, Sabrina Kanner, Karen Dome, Shawn Kildare and Joseph Moinian.
New York, NY The plan for Hudson Yards District was illuminated by some of the key players behind the transformation of the West Side in front 150 national delegates at CREW Network's Convention in New York City. Panelists included leaders from all the major developers building the new neighborhood, Related Urban, The Moinian Group and Brookfield Property Partners, plus the MTA, which brought the 7 Line to the Hudson Yards District, and the New York Post, which has covered the project since its inception. The Hudson Yards District, initially between 10th and 11th Avenues at West 34th St., facing the Javitz Center, is the largest private real estate development in United States history. The site will include more than 17 million s/f of commercial and residential space, gleaming designer office towers with views of the Hudson River, and more than 100 shops, including New York's first Neiman Marcus. The panel was hosted by Brookfield Property Partners in the Penthouse of their existing Manhattan West building, right in the middle of the new Hudson Yards District. CREW New York sponsored the luncheon. Faith Hope Consolo, chairman, The Retail Group at Douglas Elliman Real Estate, was the panel organizer, and Karen Dome, principal, investment sales, at Coldwell Banker Commercial Advisors, was head of programming for CREW New York. The panel was moderated by New York Post real estate columnist Steve Cuozzo and featured Ken Himmel, president and CEO, Related Urban; Sabrina Kanner, SVP, design and construction, Brookfield Property Partners; Joseph Moinian, founder and CEO, The Moinian Group; and Shawn Kildare, SVP and program executive, #7 Line Extension Program, MTA Capital Construction.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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
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,