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.
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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
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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.
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