News: Brokerage

Rapp and Reicher promoted to vice chairmen at CB Richard Ellis

According to CB Richard Ellis, Ken Rapp and Craig Reicher have been promoted to vice chairmen. A 20-year commercial real estate veteran, Rapp joins the ranks of the firm's executive leadership in the New York Tri-State Region. One of the youngest CBRE Tri-State executives to be promoted to vice chairman, Rapp has consistently ranked as one of the top professionals in commercial real estate, and throughout his career has arranged more than 10 million s/f in transactions for an aggregate value in excess of $8 billion. Rapp holds a bachelor of arts in General Studies from Alfred University, with a minor in Marketing and an emphasis on international business. Rapp is a member of the Real Estate Board of New York. Reicher, a 21-year commercial real estate veteran, has been promoted to vice chairman, also joining the firm's executive leadership in the New York Tri-State Region. Reicher focuses on developing and implementing creative real estate strategies for some of the city's leading owners and corporations.  Reicher is an honors graduate of Georgetown University's School of Foreign Service and Columbia Law School, and is a recipient of the CBRE Coldwell Colbert Circle designation, which represents the firm's top Americas sales professionals.
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CM&B completes Activate Games’ NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
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Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
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