News: Brokerage

LeZotte joins Newmark Grubb Knight Frank’s Valuation & Advisory practice

Norm LeZotte,
Newmark Grubb Knight Frank

Manhattan, NY According to Newmark Grubb Knight Frank (NGKF), industry veteran Norm LeZotte, MAI has joined its newly launched Valuation & Advisory practice to lead the Senior Housing & Healthcare practice as senior managing director. He and a team of highly specialized valuation and advisory professionals will form the nucleus of this new sub-service line.

For the past seven years, LeZotte served as president of Salus Valuation Group Inc. 

He has been dedicated to this industry for the past 20 years, and is one of the most trusted and well-respected valuation professionals in the business. LeZotte has held previous positions at PricewaterhouseCoopers, Gulf Atlantic Valuation Services and Cushman & Wakefield.

“Working alongside Norm at C&W for nine years helped me to understand the nuances and complexities of this industry,” stated President, Valuation & Advisory John Busi. “Watching Norm navigate these complexities allowed me to appreciate how he has become one of the “best-in-class” professionals in this sector. With an aging baby boomer population and all the capital being directed to Senior Housing & Healthcare in the coming years, we expect this to be a huge growth sector for our new business.”  

MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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.
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
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