According to Will Obeid, president and CEO of Gemini Real Estate Advisors, LLC, Michael Sullivan has been promoted to director. He will oversee the existing portfolio of eight hotels owned by Gemini, and will determine growth opportunities within the U.S. and abroad for the company's hospitality group. Â
Prior to joining Gemini, he was a senior executive at Starhotels International, an Italy-based hotel owner/operator. Previously, he was the VP of asset management for Sunstone Hotel Investors. Prior to Sunstone, he was a VP at Colony Capital. He previously managed the internal audit department for ITT Sheraton and started his career with Price Waterhouse after earning his B.S. in Accounting from Boston College.
Obeid said, "We are very fortunate to have Mike on our team. Â He's an industry veteran and a leader with a considerable amount of hands-on operating experience. Mike also possesses a keen sense of valuing an asset based on current market conditions and our forecast for the future."
Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.
New York’s housing crisis remains a hot button topic despite growing consensus that varied and affordable housing is desperately needed statewide. Governor Hochul has recently introduced several initiatives to overcome N.Y.’s anti-housing
Yes, there are lessons to be learned from the largest companies in America when comes to managing your real estate. But the decision to buy or lease real estate may not be one of
Being a small to midsize landlord in NYC is an increasingly demanding endeavor. From navigating complex regulations, increased compliance demands to dealing with tenant issues and remediating violations. It is wise to enlist the assistance of a partner, a professional
Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.