News: Brokerage

LIC BID’s 20th year brings together business leaders at The Borden Complex

Queens, NY Innovo Property Group (IPG), in partnership with the LIC Partnership, the Long Island City Business Improvement District (LIC BID), and the Queens Chamber of Commerce, welcomed New York City Council member Julie Won, Queens Chamber of Commerce president Thomas Grech, civic leaders, and more than 175 local professionals and entrepreneurs to the summer networking night.

Hosted atop The Borden Complex at 23-30 Borden Ave., the event featured drinks and light bites by Manducatis Rustica, along with views and an open-air atmosphere ideal for conversation and collaboration. Attendees connected with leaders from across the city while celebrating the 20th anniversary of the LIC BID.

The gathering marked one of the first community-facing events at The Borden Complex, Innovo’s newly completed, one million s/f flagship development at the center of Long Island City’s Borden Innovation District.

“It was a pleasure to host dedicated members of our community at The Borden Complex,” said Andrew Chung, founder and CEO of Innovo Property Group. “We’re proud to support meaningful events like this that bring people together and help foster the dynamic growth of our local businesses.”

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.