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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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
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
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.
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,