News: Brokerage

Passero Associates reveals leadership transition

Passero Associates reveals a leadership transition that will impact service delivery to clients, stimulate growth and new opportunities, and enhance the firm's overall performance. Gary Passero, PE, F.ASCE, REM, is transitioning from his role as CEO to founding partner. As founding partner, Passero will serve as the firm's touchstone for conducting business according to its core values. Wayne Wegman, PE, is transitioning from president to CEO. As CEO, Wegman will focus on the growth and expansion of the firm, and on maintaining the firm's culture of exceptional service. John Caruso, PE, PMP, a principal, is transitioning from senior vice president to president of the firm. As president, Caruso will ensure that all aspects of the firm's operations contribute towards its success. Passero Associates provides planning, engineering, architectural design, sustainability, surveying, program management and construction administration services in the Northeast, Midwest, and Southeastern United States. Founded in 1972, and with a staff of over 90 professionals, we proudly serve our clients, partnering with them to achieve their goals.
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Columns and Thought Leadership
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
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,

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,