News: Brokerage

Gemini R.E. promotes Sullivan to director

According to Will Obeid, president and CEO of Gemini Real Estate Advisors, LLC, Michael Sullivan has been promoted to director. He will oversee the existing portfolio of eight hotels owned by Gemini, and will determine growth opportunities within the U.S. and abroad for the company's hospitality group.   Prior to joining Gemini, he was a senior executive at Starhotels International, an Italy-based hotel owner/operator. Previously, he was the VP of asset management for Sunstone Hotel Investors. Prior to Sunstone, he was a VP at Colony Capital. He previously managed the internal audit department for ITT Sheraton and started his career with Price Waterhouse after earning his B.S. in Accounting from Boston College. Obeid said, "We are very fortunate to have Mike on our team.  He's an industry veteran and a leader with a considerable amount of hands-on operating experience. Mike also possesses a keen sense of valuing an asset based on current market conditions and our forecast for the future."
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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
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,

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,
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