News: Brokerage

SCG Retail hires McGeehan as GIS director

SCG Retail has hired Luke McGeehan for the position of GIS director based in their Columbus Circle office. SCG managing partner David Firestein said, "Since joining forces with The Shopping Center Group we've significantly enhanced our client services and are now making a major investment in our Geographic Information Systems. I'm very pleased to have Luke on board" This new position is part of a new technology driven initiative to provide better street insights for clients. "Tenants and landlords expect more and more of brokers," said Firestein. "Most provide lots of information, but we're looking to process big data in ways that blend our proprietary databases in useful ways that help our clients make better decisions." McGeehan is a recent graduate from the school of architecture, preservation and planning at Columbia University. He worked for the Fashion Center Business Improvement District in NYC where he provided detail mapping and analysis. He also worked at the department of environmental protection where he was a GIS editor. "I'm every excited about joining the SCG Retail team," said McGeehan. "The mapping world is undergoing a lot of change and there's tremendous opportunity now to leverage tools and technology in ways that even five years ago would have been too costly or impossible." As a GIS specialist, McGeehan will oversee both SCG Retail's urban traffic flow analysis out of the Columbus Circle office, and suburban mapping out of The Shopping Center Group's White Plains office. The SCG is one of the largest privately held retail real estate services companies in the United States. They've been investing heavily in this area for many years. "Technology is changing rapidly," said Gregg Katz, director of innovation and technology for SCG. "We are in the process of upgrading our systems and capabilities in ways that put data in the hands of our clients anywhere/anytime."
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
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.
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,