A right of first refusal is a contractual right, giving you the option to purchase the building before it can be sold to a third party. An option is the right to exercise something, but not the obligation
Have you noticed that you are probably not "Googling things" the way you used to? Most people are now asking Chat, Claude, Perplexity and others for recommendations; that means your potential customers are too. AI gives you an answer to a question rather than a list of search results.
The New York Real Estate Journal is proud to present Ones to Watch: INNOVATORS IN COMMERCIAL REAL ESTATE, the third installment in our annual Ones to Watch Series. This special section recognizes companies and individuals who are driving innovation, inspiring change, and making lasting impacts within the industry. You can also read about innovative products and services that fuel growth, streamline success, and help business owners achieve their goals.
For me, innovation isn’t just adopting technology; it’s rethinking how we invest and operate. At SKG Capital, I pair institutional underwriting discipline
Our firm CetraRuddy is a longtime leader in the commercial-to-residential conversion sector, and we’re seeing more innovation in this field than ever before. In
Ariel Property Advisors is a New York City-based commercial real estate firm specializing in Investment Sales, Capital Services and Research & Advisory. The company provides investment sales services in the New York metropolitan area, nationwide financing solutions and institutional market research across all major asset types.
Warehub is building the operating system for industrial real estate, connecting demand, inventory and execution through a single intelligent platform. By standardizing property data, digitizing leasing workflows and coordinating the participants required to activate industrial space, Warehub enables landlords, tenants and brokers to move from requirement to occupancy with greater speed, transparency and efficiency.
Aquatics International Group built TMPL’s aquatic wellness facilities in New York City. Its completed portfolio also includes the resort pool complex at The Ritz-Carlton, St. Thomas. That experience shapes how the company approaches the next rooftop pool, resort amenity or commercial wellness space: with the practical perspective of a builder.
Greg Corbin is President and Founder of Northgate Real Estate Group, ranked #1 in New York and among the top firms nationally for bankruptcy, foreclosure and restructuring brokerage. He sells commercial real estate and negotiates workouts for borrowers, lenders and property owners, bringing complex matters to resolution.
Innovation Highlight: What I am most proud of is helping establish and grow Orange Bank & Trust’s presence in the Bronx, a community where I was born and raised. Over the past five years, we have opened two successful branches, with a third in development, while generating significant deposit and loan growth.
Innovation in Action: AI is the big topic. How will that drive legal services? We will see integration of such services in delivering a better product and outcome for clients. Efficiency and time savings matter, such as lease abstractions, use of these tools for reviewing and cross-checking loan documents, and review of title commitments, etc.