News: Brokerage

Professional Profile: Al Erdmann 2012

Name: Al Erdmann Title: Partner Company: WithumSmith+Brown, PC Location: New York, NY Place of birth: Queens, NY College: Queens College, City University of New York First job unrelated to your current field: Little League Umpire First job in your current field: Staff person, Eisner & Lubin LLP What your firm does now and its plans for the future? Our firm is a full service regional public accounting and consulting firm, committed to providing world-class service to our Real Estate, Construction and Architect & Engineering clients. Our plans are to continue our geographic growth throughout the tri-state region and beyond, while maintaining the local-firm, personalized service our clients have come to expect. Hobbies: Golf, cars Favorite film: The Shawshank Redemption Favorite novel: Stephen King's "It" Keys to success: Strive for excellence in everything you do, never be satisfied If you had to choose a different profession, what would it be? Sports Statistician Person you admire most (outside of the family): Ronald Reagan
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Columns and Thought Leadership
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
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
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,
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.