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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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
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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,

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 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