News: Brokerage

Meet the NRC Members - Kass

Thomas Kass is a partner at Kantor, Davidoff, Wolfe, Mandelker, Twomey & Gallanty, P.C. He began his career in Manhattan in 1984, representing a variety of buyers and sellers of commercial real estate throughout the U.S. Over his career, he has handled a broad cross section of real estate deals. He spent four years representing commercial savings banks in connection with commercial mortgages on office and commercial buildings, shopping strips and malls, residential apartment buildings and co-operative apartment buildings. In connection with such financings, he has also handled participation and loan sales agreements for commercial lenders. During the late 1980s and early 1990s, Mr. Kass represented foreign investors purchasing United States real estate. He was instrumental in developing the first-ever convertible mortgage, which converted a lender's interest from debt to equity, for a Japanese insurance company in connection with a $100 million investment in a New York City office tower. He also was an instrumental member of a legal team representing a Dutch investor's $600 million purchase of an office building in New York and ground lease and master lease positions in two office buildings in Chicago. More recently, Mr. Kass represented New York co-operative and condominium boards, handling a variety of corporate governance and real estate issues. In addition, he frequently represents landlords and tenants in connection with office and retail leasing and subleasing transactions. As part of his leasing practice, he often speaks at commercial leasing brokerage firms on current leasing topics. As general counsel to a variety of businesses, including closely held manufacturing, apparel and technology firms, Mr. Kass has advised clients on corporate governance and commercial contract issues. Often he has been called upon to handle sales and purchases of companies or their divisions through asset and stock sales and acquisitions. Such transactions often require both corporate and real estate expertise. Mr. Kass prides himself on his drafting expertise, often crafting complicated shareholder, operating, partnership, joint venture and licensing agreements for the firm's broad array of clients.
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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
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.
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