News: Brokerage

Dave Gross 2013

Name: Dave Gross Title: President & CTO Company: EMPOWER NY Location: 307 West 38th St, Suite 1605, New York, NY Birthplace: Brooklyn, NY Family: Wife and three daughters Education: Queens College; Benjamin N. Cardozo School of Law First job outside of real estate: Cashier at the local butcher shop First job in real estate or allied field: Legal counsel for real estate investment firm What do you do now and what are you planning for the future? EMPOWER is a powerful suite of online software and value added services that enables NYC property owners and managers to more efficiently and effectively manage their portfolios. As pioneers of the violation monitoring space, we were able to combine the years of diverse and eclectic experiences among my fellow founders to create a truly revolutionary product. Tapping into knowledge ranging from hands-on real estate management, to animated feature films, to corporate law, we approached management software with new eyes and new ideas. We are never "done" developing, and continue to explore ways to enhance our customers' experience and meet their ever-changing needs. Favorite movie: Too many to pick just one favorite Last song you downloaded? The Nerdist Podcast interview of Mel Brooks One word to describe your work environment: Collaborative Rules to live by in business: Believe in your ideas, but be ready to learn from others What is your dream job? The one I have now!
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Columns and Thought Leadership
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
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,