News: Brokerage

Ribbon cutting held for 250south: A $2.1m project

Mayor Robert Duffy and economic development commissioner Carlos Carballada cut the ribbon, celebrating the grand opening of 250south, a formerly vacant warehouse redeveloped as a mixed-use building. The project, at 250 South Ave., is a collaborative partnership between local entrepreneur Richard VanCuyck and local architects Mark Pandolf and Christopher Lopez, of PLAN Architectural Studio. "Downtown is an exciting place to live and work," said Duffy. "The occupants of 250south can celebrate the river and view the evolving skyline of our city. Projects like this shape the vision of the center city as a vibrant community with a vital residential core." The once boarded-up 7,500 s/f three-story warehouse is now a 10,000 s/f four-story signature addition to the city's downtown skyline. The $2.1 million redevelopment includes three high-end loft apartments and two large office spaces. The building now provides center city a new gateway for motorists approaching the Frederick Douglass - Susan B. Anthony Memorial Bridge from the west.
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Columns and Thought Leadership
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
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 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