News: Brokerage

Houlihan-Parnes places $20 million mini-perm on redevelopment deal

According to Kelly Houlihan Buckley and James Houlihan of Houlihan-Parnes Realtors, LLC a new mini-perm first mortgage totaling $20 million was placed on 1775 Grand Concourse. The mortgage covers a commercial condominium interest in the 300,000 s/f building that shares ownership with Verizon. Verizon owns 2 floors and has the central switching land lines for the Bronx on those floors. The remaining 6 floors have been converted to an ancillary indoor parking garage, retail space facing the Grand Concourse, and professional office space. The building features fully renovated common areas and interior spaces. The property is owned by Sam Jemal of JJ Operating, Inc. and members of his family together with members of Houlihan-Parnes Realtors, LLC. The property was acquired in February 2012 from Verizon, and is the second largest successful turnaround project engineered in the Bronx by the Houlihan and Jemal families.
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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