News: Brokerage

Professional Profile: Jeffrey Petit, 2014

Name: Jeffrey Petit Title: Real Estate Practice Group Leader Company: McCarter & English Location: Manhattan, and Newark, N.J. Birthplace: Staten Island, N.Y. Education: New York University, law school and undergraduate First job outside of real estate: Sales credit analyst, Lehman Bros. First job in real estate or allied field: Architectural draftsperson apprentice What do you do now and what are you planning for the future? I represent commercial developers and lenders in ground-up and redevelopment projects, as to finance, acquisition and disposition. For the foreseeable future I plan to be a dirt lawyer, but the job is constantly changing. To be an effective business counselor to my clients, I try to stay with or ahead of the curve as to methodology, market appetite, the development and economic landscape, and anything else that affects lenders and developers. How do you unwind from a busy day in real estate? Dinner with my wife and two children Favorite book or author: Ernest Hemingway Favorite movie: "Manhattan" Last song you downloaded? "Train in Vain" by The Clash One word to describe your work environment: Urban Rules to live by in business: Always offer quality, diligence and responsiveness If you could invite one person to dinner (living or dead) who would it be and where would you go? Woody Allen, at my home. What is your dream job? Academy Award-winning actor; failing that, Real Estate Practice Group Leader at McCarter & English.
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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
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 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.