News:
Brokerage
Posted: November 19, 2019
Fried Frank represents Brookfield Asset Mgmt. in $1.2 billion portfolio sale
New York, NY Fried Frank is counsel to a private fund controlled by Brookfield Asset Management in its $1.2 billion sale of a portfolio of five residential assets consisting of 2,800 rental apartment units, to a joint venture between L + M Development Partners and Invesco Real Estate.
The Fried Frank team included real estate partners Joshua Mermelstein and Nathaniel Lifschitz; tax partners Christopher Roman and Richard Wolfe; and real estate associates Julianne Befeler, Nicholas Mayer, Thomas Bethany, Joshua Katz, and Krystal Chapin.
Tags:
Brokerage
MORE FROM Brokerage
Fireside Embroidery leases at 1245 Middle Country Rd. in Middle Island
Middle Island, NY Robert Raffa and Robert Monahan of Island Associates negotiated the 1,404 s/f lease for Fireside Embroidery in the Strathmore Shopping
Quick Hits
Columns and Thought Leadership
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,
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
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
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
