News: Brokerage

Shapiro of Massey Knakal: If you aren't networking you aren't working!

Name: Robert Shapiro Title: Vice President of Sales Company/firm: Massey Knakal Realty Services Year Company was founded: 1988 Years with company/firm: 13.5 Years in field: 13.5 Years in real estate industry: 13.5 Address: 275 Madison Ave., New York, NY 10016 Telephone: 212.696.2500 Email: [email protected] URL: www.masseyknakal.com Twitter: @RobShapiroMKRS Real estate organizations / affiliations: * Bronx Northern Manhattan Board of Realtors * Real Estate Board of New York * Washington Heights / Inwood Chamber of Commerce * Real Estate Board of New York Northern Manhattan Committee * Young Mens/Womens Real Estate Association Which project, deal or transaction was the "game changer" in the advancement of your career? The 2013 sale of the Hamilton and Dunbar portfolio on behalf of Lehman Brothers for a combined $139 million was the most pivotal moment in my career. We were able to dissect this portfolio of 20 buildings to optimize investor interest through our marketing efforts conducting 65 inspections, collecting 99 offers, and achieving top values for our client. The success of this sale ultimately led to being hired on numerous other property and portfolio sales including the recent 2014 sale of the 10 building, 404-unit Upper Manhattan portfolio for $72.5 million. What advice would you give to those just starting out in commercial real estate? I would tell those who are new to the business that this can be one of the most exciting and rewarding career choices one could make. This is an ever evolving and dynamic industry filled with the smartest minds in business. Reputation and relationships are everything. Networking is the best way to obtain longevity in the brokerage business. I like to tell new folks in the business if they aren't networking they aren't working!
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Berger and Koicim of Marcus & Millichap sell 17-unit multi-family for $8.8 million

Manhattan, NY Marcus & Millichap negotiated the sale of 207 E. Fourth St., a 17-unit mixed-use multi-family property the East Village. The asset sold for $8.8 million. “This transaction underscores
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Columns and Thought Leadership
Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

Lasting effects of eminent domain on commercial development - by Sebastian Jablonski

The state has the authority to seize all or part of privately owned commercial real estate for public use by the power of eminent domain. Although the state is constitutionally required to provide just compensation to the property owner, it frequently fails to account
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
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,
Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Behind the post: Why reels, stories, and shorts work for CRE (and how to use them) - by Kimberly Zar Bloorian

Let’s be real: if you’re still only posting photos of properties, you’re missing out. Reels, Stories, and Shorts are where attention lives, and in commercial real estate, attention is currency.