News: Brokerage

Sharma joins Savitt as associate director

According to Michael Dubin, president-brokerage services of Savitt Partners, Stefan Sharma joined the company as associate director. He will be responsible for promotional leasing and canvassing for prospective third party tenants as well as occupants for buildings owned and managed by Savitt Partners. He earned a bachelor of arts degree from the University of California at Santa Barbara. Prior to joining Savitt Partners, Sharma served as a financial statement analyst at Stiles Lake Investors in New York. Previously, he worked for the William Morris Agency, where he provided paralegal support to the business affairs department. He currently serves on the board of the Sharma Foundation, a philanthropic organization dedicated to supporting various non-profits such as Children of Fallen Patriots Foundation and Volunteers in Medicine. "Providing exceptional brokerage services is extremely important to Savitt Partners' business platform and the addition of Stefan to our team will heighten the level of resources available to our growing roster of clients," said Dubin. "Stefan brings a unique and broad analytical perspective to Savitt Partners and we are confident he will be an invaluable asset." Savitt Partners is a full-service commercial real estate company headquartered in New York City. Founded by Bob Savitt, the firm owns and/or operates a portfolio totaling nearly two million square feet of office and showroom buildings in Manhattan, including 530 Seventh Avenue, 525 Seventh Avenue, 218 West 40th Street, 499 Seventh Avenue and 11 West 19th Street. In addition to overseeing the leasing and management of its own assets, the firm provides superior leasing, asset and property management and investment services to other quality owners and tenants.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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 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.
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