News: Brokerage

Partner Racanelli of Farrell Fritz elected secretary of the Flushing Willets Point Corona Local Development Corporation's board of directors

According to Farrell Fritz, partner John Racanelli has been elected secretary of the Flushing Willets Point Corona Local Development Corporation's (FWPCLDC) board of directors. He has served on the board for several years. Racanelli, an Oyster Bay resident, focuses his practice on commercial real estate acquisitions, development, leasing, financing and construction. Racanelli is a member of the board of trustees of Dowling College; a director of the council of governing boards for New York's independent education trustees; a board member of the Long Island arts alliance; and an advisory board member of the Energeia Partnership and the LI Index. He earned his Juris Doctor degree from New York University School of Law and his bachelor of arts degree from Georgetown University. Claire Shulman, president and CEO of the FWPCLDC and former Queens Borough president, acknowledged Racanelli's continual contributions to the organization.
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Horvath & Tremblay Announces Strategic Integration of B6 Real Estate Advisors, Expanding New York City Presence

New York, NY Horvath & Tremblay, a premier real estate services firm specializing in investment real estate brokerage, 1031 exchanges, debt/equity placement, and appraisal & valuation services, announced the strategic integration of B6 Real Estate Advisors into the firm’s growing national platform.
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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,

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
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