News: Brokerage

HKS Capital Partners promotes Garfinkel to vice president of commercial originations; Responsible for CRE loan origination

According to HKS Capital Partners, Richard Garfinkel has been promoted to vice president of commercial originations and is responsible for CRE loan origination, debt, equity, and structured finance. Educated at Columbia University School of Engineering, Garfinkel has been an active investor for more than 30 years. He possesses a diverse background in business and in real estate construction, acquisition, permanent and refinance lending. Also, he is experienced in contract negotiation between US and foreign companies covering asset exchanges, joint ventures, and asset finance deals. "For all asset classes and with his acute knowledge of the capital markets Rich works diligently to satisfy those needs with a 'hands on' approach from origination through closing," said HKS Capital Partners cofounder Ayush Kapahi. "He has also developed and implemented strategies for equity and debt funding on behalf of public and private companies and has negotiated commercial leases."
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Columns and Thought Leadership
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