News: Brokerage

Max Challenge selects R.J. Brunelli as national tenant representative

Retail leasing specialists R.J. Brunelli & Co., LLC has been appointed exclusive national tenant representative for Max Challenge Franchising, a franchisor of fitness centers with locations in N.J., N.Y. and CA. The Manalapan, N.J.-based chain's Max Challenge is a complete 10-week body transformation that combines fitness classes, nutritional guidance, motivation and inspiration into an easy-to-follow program. The network has 21 company-owned and franchised locations in operation, with an additional five scheduled to open in June and three others in various stages of development. Max Challenge studios are currently open in New Jersey's Monmouth, Ocean, Middlesex, Somerset, Union, Mercer, Hudson and Morris counties, as well in Staten Island, N.Y., and the metro Sacramento area in California. In New Jersey, the company is immediately seeking 2,000- to 3,000-square-foot locations in the Hoboken/Edgewater, Montclair, Bergen County and Cherry Hill markets. The chain prefers neighborhood and convenience shopping centers, but will also consider central business districts in certain areas. "We look forward to working with Max Franchising, as they move to expand their footprint throughout New Jersey, metro New York and neighboring states, and eventually nationwide," said R.J. Brunelli account manager Patti Fiore.
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Ariel Property Advisors arranges $45 million sale of four building affordable housing portfolio

Manhattan, NY Ariel Property Advisors (Ariel) brokered the $45 million sale of Hudson View II & III, a four-building affordable housing portfolio in the upper borough’s Hamilton Heights neighborhood. The portfolio includes 520 West 145th St., 528 West 145th St., 1704 Amsterdam Ave. and 502-504 West 145th St. Together, the properties comprise 129 Project-Based Section 8 residential units, and 11 retail units located along 200 ft.
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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.
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 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