News: Brokerage

Savills LLC appoints Ruggiero and Benn as VPs

David Ruggiero and Guy Benn have joined Savills LLC as VPs. Both executives bring a range of real estate banking experience to Savills. Prior to joining Savills, Ruggiero worked in Goldman Sachs' investment banking division, where he was responsible for the underwriting and financial due diligence for several major transactions. He previously worked at Jones Lang LaSalle and Cushman & Wakefield. Benn will focus on cross-border transactions, specifically advising overseas clients on ways to tap the U.S. commercial real estate investment market, and advising domestic investors on opportunities overseas.  Benn joined the London office of parent company Savills in 2000, qualifying as a chartered surveyor in 2003.  In 2004, Benn joined Savills' City Investment Team.
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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
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