News: Brokerage

Metropolis Group appoints Fortino as COO

New York, NY According to Metropolis Group, Inc., Gregory Fortino has been appointed as chief operating officer. In his new role, Fortino will be able to make an even bigger impact on the company’s growth and on the success of Metropolis’ wide portfolio of clients.

Fortino joined the firm in 2018 and has spent the last four years as project management officer. Fortino has displayed excellent leadership skills and has progressively taken on a new role and challenges within the organization to maintain the firm’s continued growth and success.

Fortino holds a BA in Economics from Syracuse University; some of his biggest accomplishments include the enlargement of existing buildings such as the David H. Koch Theater located at the Lincoln Center Plaza and the repositioning of 2 Rector St., a 26-story Beaux-Arts style building built in 1907, transformed into a class-A office building. His journey embodies the full range of growth and professional development opportunities that our firm can offer to its talent.

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
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
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.