News: Brokerage

Jasper Venture Group acquires former 107,142 s/f Parkway Hospital

Jasper Venture Group has acquired one of Queens' most renowned hospitals. Located at 70-35 113th St. in the Forest Hills community, Parkway Hospital, the well-known medical center, closed its doors in 2008 but still remains a public fixture. Parkway Hospital overlooks Grand Central Pkwy. and rests just outside of both Willow Lake and Meadow Lake. This area stands at 107,142 s/f including a parking lot. Jasper Venture Group plans to rebuild condominiums from the ground up. The additional housing this project will provide will help those seeking a more spacious option to the compact living N.Y.C. provides.
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Columns and Thought Leadership
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,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

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.
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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