News: Brokerage

Migliore of Macklowe Mgmt. wins Comm'l. Mgmt. Leadership Award

The Real Estate Board of New York (REBNY) held its annual Commercial Management Leadership Breakfast yesterday at the Roosevelt Hotel. James Migliore of Macklowe Management received top honors and was presented the Commercial Management Leadership Award for his long-term leadership and significant contributions to the industry and Macklowe Management. Other award winners were Michael Prefi of CB Richard Ellis (CBRE), who received the On-Site Manager of the Year Award for his dedication and professional achievement in the successful management of 32 Old Slip, a 1.05 million s/f class A property. The Portfolio Management Award was given to James Whelan of Cushman & Wakefield (C&W), where he is the on-site portfolio manager for Eleven Madison Ave. Rosemary Ulfik of Macklowe Management was presented the John M. Griffin Community Service Award for her community and civic activities. This award is given in honor of the late John Griffin who gave generously to numerous charitable organizations. The guest speaker at the event was David Arena, president of Grubb & Ellis Management Services, who spoke about the special skills and talents needed to become a successful commercial property manager. REBNY president Steven Spinola also said a few words at the event, discussing primarily the current commercial market and how it is affecting both REBNY members and the industry as a whole. Migliore currently runs Macklowe Management's day-to-day operations for all 21 commercial and residential properties. In addition, he works closely with the construction division on major repair and capital improvements for each property. Prefi joined CBRE in 2003. Prefi managed the MetLife Building and oversaw the building's annual operating budgets, major service contracts and a number of renovations and building capital improvements. After 9/11, Prefi was involved in security improvements which included access control, surveillance and new turnstiles.   Rosemary Ulfik is the property manager of 540 Madison Ave. for Macklowe Management and donates much of her time and energies to various charities.   James Whelan has been involved with Eleven Madison Ave. for 13 years and is currently the on-site portfolio manager for the 2.3 million s/f property. Platinum sponsors of the event included Atlas-Acon Electric Service, Fisher Brothers, Jack Resnick & Sons, Macklowe Management, Platinum Maintenance, Quality Building Services, Schindler Elevator Corp., Stuart Dean, Tishman Speyer, and Vornado Realty Trust. The Real Estate Board of New York is the city's leading real estate trade association with 12,000 members. REBNY represents major commercial and residential property owners and builders, brokers and managers, banks, financial service companies, utilities, attorneys, architects, contractors and other individuals and institutions professionally interested in the City's real estate.  REBNY is involved in crucial municipal matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes and legislation.  In addition, REBNY publishes reports providing indicators of market prices for both the residential and commercial sectors.
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
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