News: Brokerage

Moskowitz of Stroock & Stroock & Lavan moderates NYC Charter Review Critical to Future of City

New York, NY A panel of New York’s leading real estate thinkers discussed the current New York City Charter review, which could turn out to be the most momentous change in city real estate decision-making since 1989.

Held on March 26, at New York Law School, Center for Real Estate Studies and Center for New York City Law, and moderated by Ross Moskowitz, partner, Stroock & Stroock & Lavan, the group concluded that the team leading the Charter review process have a heavy responsibility to present to the public ballot well considered options that don’t dilute or jeopardize New York’s current success. 

The central issue is how to facilitate better quality community engagement that is resistant to manipulation or the insertion of narrow interests claiming to speak for the full community. While impacting all New Yorkers, the full importance of pending ballot measures may elude the smaller number of voters expected at the polls this November. 

The city has also had the capacity to evolve the mix of industries and communities as the national and global economy has changed, refreshing its urban ecosystem before being caught in any particular dying cycle, but New York’s success is not inevitable, the panel reminded the assembled crowd.

Additional panelists included:

  • Carl Weisbrod, Senior Advisor, HR&A Advisors, Inc.
  • Catherine McVay Hughes, Former Chair, Community Board 1
  • Miriam Harris, EVP, Trinity Place Holdings Inc.
  • Basha Gerhards, VP of Policy and Planning, REBNY
  • David G. Greenfield, CEO, Met Council

 

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.