News: Brokerage

NYCEDC and MTA seeks RFP for 7,201 s/f property at 707 East 211th Street, Bronx

The NYCEDC, on behalf of the city, in collaboration with the Metropolitan Transportation Authority is seeking proposals from qualified developers to purchase, and possibly redevelop, a 7,201 s/f property located at 707 E. 211th St. in the Williamsbridge neighborhood. To download a copy of the solicitation documents, please visit www.nycedc.com/RFP. The RFP is also available for in-person pick-up between 9:30 a.m. and 4:30 p.m., Monday through Friday, at NYCEDC, 110 William St., 6th floor (between Fulton and John Sts.) Please be aware that all potential updates and notifications will be sent via email to respondents who have accurately and completely filled out the download form or have picked up the relevant documentation.
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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,

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
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
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent