News: Brokerage

Industrious appoints Echenberg as new CFO

New York, NY Industrious has appointed  Michael Echenberg as CFO, effective September 3rd

As CFO, Echenberg will be responsible for leading financial strategy across the organization, developing and implementing strategic business plans and operating initiatives, and overseeing the entire Finance department including FP&A and accounting.  

“When we first met with Michael earlier this year, we knew instantly that he was the person for the job,” said Jamie Hodari, CEO and co-founder of Industrious.  “Michael has a proven track record of leadership through rapid change in a complex strategic landscape, managing large finance functions, and navigating the public markets; his experiences and strategic approach will allow us to thoughtfully drive our rapidly growing company forward. We are so excited to welcome him to the Industrious team.” Echenberg will report directly to Hodari.

“Industrious is the clear leader in the burgeoning flexible workspace industry,” said Echenberg.  “Having first been introduced to Jamie and the team in February, I’ve been excited to watch their network grow by more than a third in just a few months and see them sign even more partners of great significance - Equinox, Seritage, and Hines, for example. I look forward to joining the amazing team at Industrious and leading the company’s financial strategy as they continue to charge forward.”

Echenberg brings a wealth of experience in advancing both financial and strategy functions across a variety of industries. Most recently, he served as Chief Financial Officer of Care.com during a period in which the company achieved profitability and sustained profitable growth for multiple years. He previously served as Chief Strategy Officer at WW, formerly Weight Watchers International, after being at management consulting firm McKinsey & Company.

MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
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
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
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 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.