News: Brokerage

Professional Profile: Steven Klein 2013

Name: Steven Klein Title: Partner Company: Gibson Dunn Location: 200 Park Ave, NY, NY Birthplace: Brooklyn, NY Education: B.A. Queens college; JD Rutgers School of Law-Newark First job outside of real estate: Restaurant busboy First job in real estate or allied field: Associate at Kaye Scholer What do you do now and what are you planning for the future? I am practicing real estate law at Gibson Dunn and expect to be doing so for the foreseeable future How do you unwind from a busy day in real estate? Dinner with my wife of 32 years. Favorite book or author: Bill Simmons Favorite movie: "Fargo" Last song you purchased/downloaded? "The Sounds of Silence" One word to describe your work environment: Cooperative Rules to live by in business: Be practical, responsive, and honest What is your dream job? It has evolved over time from power forward for the Knicks to orthopedic surgeon for the Knicks to being Spike Lee watching the Knicks to just being happy practicing law and being able to afford a ticket to the Knicks.
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Columns and Thought Leadership
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.
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
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