News: Brokerage

Lessons from Beijing

This summer's Beijing Olympics were oddly different from the ones I remember as a child in the seventies and early eighties.  As a kid, the Olympics were a time for the America to demonstrate its dominance. Athletic supremacy, along with world economic and political primacy, appeared to be an American birthright. "Made in America" was everywhere - on our automobiles, clothes and toys - as was my national pride.     Today all of that has changed.  Americans no longer value American products as Cadillac and other seminal American-made brands are no longer the status symbols they once were.  The Joneses are replacing their Caddys with Lexuses, Beemers.   The Beijing games harbinger a challenge to America's global hegemony.  Prior to the 1984 Olympic Games China had never won an Olympic medal.  That is the world I grew up in.  That is my frame of reference.  At the Beijiing Games China won more golds than any other country, including the USA, and came in second in overall medals.  During the Olympics, another ascendant power, India, won its first ever gold medal.   America is not in decline; the rest of the world is rising.  America is the greatest nation the world has ever and will ever know. Our nation's greatness stems from its unique combination of national, political and individual freedom which generates creative genius in its people and coalesces a myriad of ideas to generate breakthroughs and promote achievement. You can succeed in a global world or a new and different real estate market. You just need to train harder, better and smarter. Just ask Michael Phelps. Mark Schnurman is the director of human resources at GFI Capital Resources Group, New York, N.Y.
MORE FROM Brokerage

Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent