News: Brokerage

Schneidman joins Herald Square Properties as partner

According to Gerard Nocera and Michael Reid, founding partners of Herald Square Properties, Jon Schneidman has joined the firm as a partner. In his new position, Schneidman is responsible for investments and has already worked on the acquisition of the firm's newest properties at 142 West 36th St. and 234 West 39th St. "Jon brings strong relationships and investment acumen to our group," said Reid. "He is a visionary with great integrity and we are glad to have him on board." Prior to joining Herald, Schneidman was a managing director and member of the real estate executive committee at Lehman Brothers Holding, Inc. which followed his tenure as senior vice president of the Global Real Estate Group for Lehman Brothers. Before that, he was a vice president at Eastdil Realty. Nocera, "Herald Square Properties was established at the tail end of a downturn and in a relatively brief period, the portfolio has grown, as has the team. The upcoming year will be an important time for our continued expansion." The management team also includes John Monaco, partner, who joined shortly after Herald Square Partners was launched in 2009. Messrs. Reid and Nocera are both former Chief Operating Officers of S.L. Green Realty Corp., and Monaco is a former SL Green senior vice president.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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,

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