News: Brokerage

Profile: Michael Rudder, YM/WREA Treasurer

Name: Michael Rudder Title: Director of Office Leasing and Sales Company: Time Equities, Inc. Birthplace and date: South Orange, N.J., May 13, 1978 Family: Single College: Ithaca College First job in real estate or allied field: I worked in Denver, Colo., for an industrial real estate company. What do you do now and what are you planning for the future? I now work on the acquisitions, management, leasing and sales of office condominium buildings in Manhattan. I plan to continue to expand our specialty in office condominiums and continue to acquire additional office buildings. Hobbies: Biking, snowboarding, art and music Favorite book: "Buffett: The Making of an American Capitalist" by Roger Lowenstein Favorite movie: "Basquiat." Directed by Julian Schnabel. Also, "The Godfather II." There are live lessons to be learned from that movie. Person you admire most (outside of family): My boss, Francis Greenburger Key to success: "The most important single ingredient in the formula of success is knowing how to get along with people." Theodore Roosevelt If you had to choose another vocation what would it be? I think that I would enjoy many different businesses, from being a doctor, to a restaurant owner, to owning a gallery.
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REALM, DelShah Capital and A.M. Properties acquire 377,000 s/f CitySpire office condominium

Manhattan, NY REALM, in partnership with DelShah Capital and A.M. Properties, acquired  CitySpire, a 377,000 s/f office condominium comprising 24 floors within the 70-story tower at 156 W 56th St. in Midtown. Adjacent to Central Park with transit access and amenities, CitySpire is a Class A office asset located in one of the city’s most sought-after office corridors.
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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