News: Brokerage

Platinum Drive Realty's Exclusive Listing: 4 Bedroom 4.5 bath custom home at 5 Cornell Street

Platinum Drive Realty revealed the exclusive listing of a home on over 2 acres of land at 5 Cornell St. An Exceptional Estate with Spectacular Views Located next to the Scarsdale home Judy Garland and Liza Minnelli once lived in, 5 Cornell Street features a heated gunite pool, Hard Tru tennis court, circular driveway and meticulous landscaping. This beautiful property has been carefully updated over the years and has a bright, spacious layout. The home has updated gourmet eat-in-kitchen kitchen and baths, sunroom, multi-level deck, built in sound system, living room with coffered ceiling and fireplace, hardwood floors, custom moldings, large master bedroom suite with walk-in closet and a grand foyer that opens to breathtaking views. This property has the perfect blend of natural beauty, luxury and elegance. It is located close to the nearby Quaker Ridge Elementary School, shopping and some of the world's top golf courses, and is a short commute to Manhattan or Greenwich.
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AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
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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 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,

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