News: Brokerage

Project REAP (Real Estate Associate Program) returns to New York City and Chicago

The graduating class of REAP LA Fall 2019.
Photo credit: Tommy Allen/Tru Heart Media.

New York, NY Project REAP (Real Estate Associate Program), one of the nation’s leading initiative connecting talented multicultural professionals and commercial real estate (CRE) for over 20 years, is returning to NYC and Chicago starting in mid-March 2020 with a renewed and strengthened focus on creating multicultural CRE communities.

According to REAP program director Osayamen Bartholomew, “We’re looking to build a critical mass by linking our over 1300 REAP graduates to current REAP students, alumni, and sponsors active in CRE. The goal is to create communities of multicultural CRE professionals, market by market.” 

Spring 2020 classes, scheduled to launch in mid-March, will include increased programming geared to bolster professional and career opportunities within the larger CRE landscape. The organization anticipates its internal job postings to double, coming from a total of roughly 150 major firms, both in CRE and related industries (i.e. banking, corporate) by the end of 2020. 

Classes follow a banner 2019 in five major cities that spanned the nation from New York City, Washington, D.C., Dallas to Los Angeles, and featured the largest graduating class ever in Atlanta, Ga.

REAP alumni come from a wide range of disciplines including architecture, banking, law, marketing and more. Candidates seek to translate their skills to CRE, acquire new knowledge in their chosen field, or explore and forge new career paths. Senior level industry experts serve as instructors for a curriculum that encompasses all aspects of CRE. Requirements for the academy include a four-year undergraduate degree (or current graduating senior) with at least one year of professional work experience. Real estate experience is not required.

Corporate sponsors backing the academies have included CBRE, Walmart, JP Morgan Chase, Microsoft, McDonald’s, as well as major industry associations such as the Urban Land Institute, NMHC (National Multifamily Housing Council) and ICSC (the International Council of Shopping Centers). Past instructors for the academies have included accomplished CRE executives such as Marjorie Tsang (board member, USAA Real Estate Co.); Eric Yarbro (executive managing director, Colliers International); Brad Hutensky (partner, Hutensky Capital); Lisa Gomez (COO/partner, L+M Development); and Jeffrey Brodsky (vice chairman, Related Cos.). 

REAP’s 10-week academy in NYC and Chicago will meet Tuesdays and Thursdays from 6:00 - 9:00pm in midtown Manhattan and downtown Chicago. Tuition is $1,000. Visit www.projectreap.org to apply from now through Friday, February 7th, 2020 at 11:59 pm EST. For more information, contact [email protected].

MORE FROM Brokerage

Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,