News: Brokerage

Real Estate Board of New York holds 121st Annual Gala

Shown (from left) are: Joel Herskowitz of Lee & Associates, and Helena Durst of The Durst Organization.
New York’s Real Estate glitterati donned black tie and formal wear and filled the capacious Hilton Hotel Ballroom on Sixth Ave. for the Real Estate Board of New York’s (REBNY) 121st Annual Gala last night. Referred to as the "Oscars of Real Estate," the event was filled with celebratory moments and networking. The gala was attended by prominent city and state officials, and top real estate executives, including Larry Silverstein, New York mayoral candidate Paul Massey Jr., Robert Knakal, Helena Durst, Bill Rudin, Bruce Mossler, and more. The gala benefits the REBNY Foundation. This is REBNY’s biggest event of the year and attracts a broad spectrum of New York City’s most influential business and community leaders, as well as city and state officials. More than three thousand people attended the event. Silverstein took the stage to introduce the awards winners, including Marc Holliday, SL Green Realty Corp. who was awarded “The Harry B. Helmsely Distinguished New Yorker Award;” Maryanne Gilmartin, Forest City Ratner, who was awarded “The Bernard H. Mendik Lifetime Leadership in Real Estate Award;” Carl Weisbrod, NYC Planning Commission who was awarded “The John E. Zucotti Public Service Award;” Jed Walentas, Two Trees Management who was awarded “The Kenneth R. Gerrety Humanitarian Award;” Peter Riguardi, Jones Lang LaSalle who was awarded “The Louis Smadbeck Broker Recognition Award;” Bill Dacunto, Silverstein Properties, who was awarded “The George M. Brooker Management Executive Award;” and Lindsay Ornstein, Transwestern, who received “The Young Real Estate Professional of the Year Award.” As an event where networking takes precedence over ceremony, speeches were at times eclipsed by the attendees’ chatter, but when Ornstein came to the stage to receive her reward, she remarked that she was "the first woman ever to receive this award," which sparked a round of applause from the crowd. Ornstein said she was proud not only to be the recipient not just for herself, but for all women in real estate. The Annual Gala honors industry leaders for their outstanding professional success and exceptional contributions to the real estate industry. True to form, this year’s gala was a night of networking, friendship and accolades. Julia Corbett Davis is the managing partner of RIOT PR, LLC, New York, N.Y.  
MORE FROM Brokerage

AmTrustRE secures 5,754 s/f lease with GKV Architects at 360 Lexington Avenue

Manhattan, NY AmTrustRE has executed a 5,754 s/f lease at its premier boutique Midtown East office tower, 360 Lexington Ave., with longtime partner GKV Architects. The award-winning firm will occupy a portion of the 14th floor. >“GKV Architects has been a trusted partner to AmTrustRE for over two decades, playing an integral role in shaping and elevating several
READ ON THE GO
DIGITAL EDITIONS
Subscribe
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 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
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.