News: Brokerage

Professional Profile: Michael Hernandez, 2014

Name: Michael Hernandez Title: Senior Associate Company: TerraCRG Location: Brooklyn, N.Y. Birthplace: New York, N.Y. Education: B.S. in Business Administration - SUNY Potsdam First job outside of real estate: Porter at Chelsea Market, age 14 First job in real estate or allied field: TerraCRG What do you do now and what are you planning for the future? Currently, I am part of the TerraCRG team where we focus solely on Brooklyn commercial real estate transactions. My plan is to continue with TerraCRG's growth as we become synonymous with Brooklyn itself. How do you unwind from a busy day in real estate? Hit the gym Favorite book or author: "The Great Gatsby" Favorite movie: "The Dark Knight" and "I Love You, Man" Last song you downloaded? "Love Never Felt So Good" by Michael Jackson and Justin Timberlake One word to describe your work environment: Active Rules to live by in business: Don't count your chickens before they hatch. If you could invite one person to dinner (living or dead) who would it be and where would you go? I would invite Arnold Schwarzenegger to dinner at The Old Homestead Steakhouse. What is your dream job? Disney cartoon villain.
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Columns and Thought Leadership
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,
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
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.
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