News: Brokerage

Houlihan Lawrence appoints Rackenberg as head of commercial division

Michael Rackenberg

Manhattan, NY Houlihan Lawrence appointed Michael Rackenberg as the new head of its commercial division.

Rackenberg has been a consistent top producer since joining Houlihan Lawrence’s Commercial team in 2013, with a proven track record of selling investment properties throughout Westchester and Fairfield Counties, Manhattan, and the Bronx. Notable transactions include two development sites in Port Chester, totaling over $12 million; a $10.4 million multi-family building portfolio in Rye; and a $10.5 million mixed-use building on West 19th St.

In this new role, Michael will oversee the day-to-day operations of Houlihan Lawrence’s commercial division and its 45 agents that offer boutique service for a broad range of clients locally and globally, specializing in investment opportunities, office condominiums and leasing, industrial and retail sales and leasing, land acquisition and development, and municipal approval consultation.

“We are thrilled to welcome Mike as our new director of commercial,” said Liz Nunan, president and CEO of Houlihan Lawrence. “I am confident that he will continue to build upon the team’s strong foundation, foster innovation, and deliver value to our agents and clients.”

“I am honored to step into this new role and look forward to working closely with my commercial colleagues to capitalize on opportunities and continue delivering outstanding results,” said Rackenberg.

Rackenberg is a member of both the Port Chester & Rye Chamber of Commerce, an Advisory Board of the First Bank of Greenwich, and a member of the National Association of Realtors, NY State Association of Realtors, Hudson Gateway Association of Realtors, and OneKey Multiple Listing Service. He is a graduate of the University of Delaware.

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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,

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