News: Brokerage

Douglas Burkhardt Owner First Realty Company

Name: Douglas Burkhardt Title: Owner Company: First Realty Company Location: 55 Canterbury Rd., Rochester, NY 14607 Birthplace: New York City Family: Wife, two grown children College: University of North Carolina, AB; Syracuse University, MBA First job outside of real estate: Eastman Kodak Company First job in real estate or allied field: Entered real estate brokerage, 1976 What do you do now and what are you planning for the future? Sale and leasing of commercial and industrial and investment real estate Hobbies: Boating Favorite movie: "Thornbirds," TV mini-series Person you admire most (outside of family): Tim Russert Keys to success: Attention to detail and never forgetting that we represent others, not ourselves If you had to choose another vocation what would it be? Captain of a cruise ship
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Columns and Thought Leadership
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,

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,
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