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
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,

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.