News: Brokerage

Queens Chamber of Commerce holds annual Building Awards Gala; Held at Terrace on the Park

Shown (from left) are: Mayra DiRico, President, Queens Chamber; Erica Jones, USTA; Chuck Jettmar, USTA; Adam Sinclair, USTA; Chris Morante, Hunt Construction; William Racy, Hunt Construction; Daniel Zausner, COO; USTA, Kathleen Cassino, USTA, and Chris Studley, USTA.
Queens, NY On December 7th, the Queens Chamber of Commerce held their annual Building Awards Gala at the Terrace on the Park. This event recognizes outstanding buildings throughout Queens County and featured a keynote address by Michael Stoler, president of New York Real Estate TV, LLC and managing director of Madison Realty Capital. 19 awards were given out and borough president Melinda Katz stopped by to express her gratitude and enthusiasm for 2017 to over 300 attendees. As part of the strategic planning process, the board of directors crafted a new Vision for the Chamber which speaks to the future goals of the chamber focused on the unique characteristics, long-term ideals and focus for Queens. The vision is to: "Become the premier comprehensive resource for the diverse Business Community in Queens." In addition, the board of directors reviewed the current Mission of the Queens Chamber and elected to revise it to more accurately reflect the current economic and community realities for the Borough. The new mission is: "With a century of leadership, we foster economic growth and prosperity in the most diverse community in the country by promoting the interests of business through advocacy, networking and education."
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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,

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
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