News: Brokerage

DeSimone Consulting reveals new leadership promotions; Parikh, Bonanno, Plechaty and Savalli

DeSimone Consulting Engineers revealed the promotions of four senior members in the New York office who continue to play a vital role in the firm's commitment to design excellence and creating valuable client relationships. Managing principal Mukesh Parikh, PE joined DeSimone in 1999 and specializes in providing innovative and cost-effective structural design. He has extensive experience in large-scale and high-rise residential, mixed-use and hospitality projects across the country and overseas. Principal James Bonanno, PE joined DeSimone in 1995 and has extensive experience in large mixed-use and high-rise residential projects. His knowledge of steel and concrete design, construction techniques and a hands-on approach have contributed to the successful completion of many challenging projects. Principal Mark Plechaty, PE joined DeSimone in 1995 and his use of innovative schemes has helped complete complex projects within budget and on schedule. He has a well-rounded balance of new construction, renovation, and international work and is familiar with many construction techniques and materials. Principal Joseph Savalli, PE joined DeSimone in 1997 and has over 24 years of industry experience. His work for the firm focuses primarily on the design and peer review of new structures. Savalli specializes in concrete and steel high-rise mixed use projects that contain retail, office, residential and educational spaces.
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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 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.
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,