News: Brokerage

Gorjian of Namdar Realty talks about his game changing deal

Name: Joel Gorjian Title: Acquisitions & Dispositions Company/firm: Namdar Realty Group Year company was founded: 2001 Years with company/firm: 5 Years in field: 5 Address: 150 Great Neck Rd., Great Neck NY 11021 Telephone: 516-773-0010 Email: [email protected] URL: www.namdarrealtygroup.com Twitter: Joel_Gorjian LinkedIn: http://www.linkedin.com/pub/joel-gorjian/46/193/63a/ Real estate organizations: ICSC Which project, deal or transaction was the "game changer" in the advancement of your career? Quite simply, I would say the biggest "game changer" in my real estate career was the Dollar General transaction we did in Mississippi. By nature, it was a highly complex transaction. The property was initially leased to Rite Aid, who essentially subleased the space to CVS who assigned the lease to Dollar General after a few years. The transaction taught me how to work through complex transactions, which is where you find the highest yields. Where would you like to be 10 years from today? In 10 years, I'd like to foster our company's portfolio to at least double of our current holdings. I don't see why I wouldn't be able to complete this goal since I've already added 3 million s/f to the firm's portfolio in the last 2.5 years.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their