News: Brokerage

Hutchinson Metro Center recently holds economic development forum

The economic outlook of the borough was the topic of an Economic Development Forum presented by the Bronx Chamber of Commerce and the Bronx Overall Economic Development Corp. (BOEDC) recently at the Hutchinson Metro Center office complex. The event, which drew hundreds of business leaders from throughout the borough, featured a special panel that included New York City comptroller William Thompson, Jr., NYS senator Ruth Hassell-Thompson and Seth Pinsky, president of the NYC Economic Development Corp. The Hutchinson Metro Center is a 42-acre office campus featuring 460,000 s/f of class A office space. Work is nearing completion on a 280,000 s/f office tower at the complex. Tower One is the first of two 13-story office towers comprising the Towers at Hutchinson Metro Center. A total of 520,000 s/f of class A space is planned in the next phase of this highly successful office complex.
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Columns and Thought Leadership
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,
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,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
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