News: Brokerage

NYCHA and Dept. for the Aging celebrate opening of senior center

The New York City Housing Authority (NYCHA) joined the Department for the Aging and local elected officials in the Pelham Parkway neighborhood recently to officially open the RAIN Boston Rd. Senior Center with a ribbon-cutting ceremony. Gathered in the Madeline Provenzano multi-purpose room, speakers referred to the center, which is now 3,950 s/f larger, as a model for senior centers across the city. Former city council member Madeline Provenzano secured $2.1 million for the center when she was on the council, and council member James Vacca helped to keep the momentum going. Approximately 150 seniors use the facility each day, participating in activities such as Tai Chi, aerobics, and karaoke. The center also provides hot, kosher meals. Established in 1964, the nonprofit organization RAIN, which stands for Regional Aid for Interim Needs, sponsors the center, and its 91 year old founder, Beatrice Castiglia was there to join the celebration. RAIN also sponsors six additional NYCHA senior centers.
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Columns and Thought Leadership
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

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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
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.