News: Brokerage

NYCEDC issues RFP for alternative fueling facility

The New York City Economic Development Corp. (NYCEDC) issued a request for proposals (RFP) seeking a developer for the construction and operation of an alternative fueling facility within the Hunts Point Food Distribution Center. The site, located along Food Center Dr. and Halleck St., is 127,800 s/f and zoned for manufacturing uses. NYCEDC will offer the site for a long-term lease with a term of 30 years with two five-year renewals. Proposals should provide the retail sale of at lease one type of competitively priced, sustainable alternative fuel; however, proposals that include more than one type of alternative fuel are encouraged. Proposals should include associated truck drivers' needs. NYCEDC encourages proposals that include complementary uses such as a truck maintenance facility for converting engines to use alternative fuels, a truckstop electrification facility, a showroom for electric power or other alternative power trucks. There will be an informational meeting at NYCEDC's offices at 110 William St., 4th floor, on June 9 at 10 a.m. Those wishing to attend are requested to call Liliana Ruiz at (212) 312-3840.
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
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