News: Brokerage

Professional Profile: Patricia Simone, 2014

Name: Patricia Simone Title: Vice President of Leasing and Operations Company: Simone Development Companies Location: Bronx, N.Y. Birthplace: Westchester County, N.Y. Education: Bachelor of arts & sciences in Economics, Emory University; Masters of science graduate candidate for spring 2014, NYU Schack Institute of Real Estate First job outside of real estate: Aside from part-time retail sales jobs, I've been working in real estate in some capacity for as long as I can remember. First job in real estate or allied field: Intern at Cushman & Wakefield What do you do now and what are you planning for the future? Right now I am concentrating on the completion of our 3030 Westchester Ave. development in Purchase, the latest addition to our Harrison Executive Medical Park and the first new construction in Westchester County in 25 years, as well as the lease-up of Simone's most recent acquisition, which involves the complete redevelopment of the vacant Park Ave. Medical Arts Center condo located at 62 East 88th St. in Manhattan. We are also always on the look-out for potential new development projects in the office, retail, healthcare and industrial real estate markets, which is a full-time job in itself! How do you unwind from a busy day in commercial real estate leasing and management? Soul Cycle followed by a glass of wine is my cure for unwinding and stress relief after a busy day. Favorite book or author: "In My Shoes" by Tamara Mellon. The book is about how Mellon, the founder of Jimmy Choo, started the global company from nothing and grew it into a billion dollar brand. Favorite movie: "Goodfellas" Last song you purchased/downloaded? Pandora is my lifeline and is ALWAYS playing on my computer throughout the work day. One word to describe your work environment: Family Rules to live by in business: "You're only as good as your word and your word is only as good as your actions." If you could invite one person to dinner (living or dead) who would it be and where would you go? Anywhere with my family and friends is where I always want to be. What is your dream job? I'm in it!
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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.