News: Brokerage

Fairfield Inn and Suites by Marriott Brooklyn finds niche with production companies

According to Bonnie Goodman, director of sales at the Fairfield Inn and Suites by Marriott Brooklyn, the hotel has become the go to place for production companies for meetings and their stay overs. The hotel was developed and built by Troutbrook/Freud Development. After receiving the Trip Advisor Top 1% Hotel Award, the hipster hangout re-booked for the second half of the year the 495 Production company and film crew that works on many of Bravo Channels programming. Additional production companies that have become loyal repeat customers are Park 2 Productions the company that produces shows for PBS and Animal Planet and own The Oprah Winfrey Network. Goodman said that she is pleased with having the Magic Elves Co. and its employees as a client and guest because she is able to hear about all the exciting places they go visit as this is the company that produces the Travel TV show. While the data indicates that Brooklyn borough's unemployment to be higher than that of the MSA and State; job growth is accelerating according to a HVS report (the hotel market intelligence company) in many an Industry. According to HVS, Brooklyn-based film and television productions increased hiring by more than 50% in the past four years. Goodman adds that she hopes to capitalize on this niche customer base in the coming year and hopes to announce several large accounts that will also utilize the hotel because of its close proximity to the Barclays Nets Arena.
MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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
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,

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.