News: Brokerage

Ravindra of Ravi Engineering and Land Surveying testifies

Nagappa Ravindra, president of Ravi Engineering and Land Surveying P.C. testified in Washington, D.C., on April 25, as part of a panel on "Help Wanted: The Small Business STEM Workforce Shortage and Immigration Reform." Two unfilled STEM (science, technology, engineering and mathematics) jobs exist for every unemployed STEM worker in the U.S., according to a release from the House Committee on Small Business. The hearing focused on how the STEM workforce shortage is affecting the viability of small businesses and what may be necessary to help them meet their STEM workforce needs. The hearing included discussion including the extent of the workforce shortage, its economic effects on small firms and whether immigrant and guest worker visas reduce or improve wages and opportunities for American workers. Ravindra, a native of India who started his own business in 1995, is a member of the American Council of Engineering Companies. He testified growth in the field is limited by a lack of qualified and experienced engineers. He urged Congress to expand the H-1B visa program so firms like his will be able to hire the necessary talent to meet their clients' needs. H-1B visas allow U.S. firms to temporarily hire foreign workers in specialty occupations
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Columns and Thought Leadership
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,
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,

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
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