Siegel of CBRE Global Brokerage addresses YM/WREA on February 10th
Stephen Siegel, CBRE's chairman of Global Brokerage, and one of the most iconic figures in New York City commercial real estate circles, captivated a packed crowd at the Young Men's/Women's Real Estate luncheon held on February 10th. He discussed the market, its cyclical nature, the strength of New York and New Yorkers, and overall was optimistic about the city and the nation's ultimate recovery.
Established in 1948, with a membership totaling approximately 394, Young Men's/Women's Real Estate Association promotes greater understanding and knowledge of the real estate industry among its constituents through its monthly luncheons and wide variety of philanthropic activities including Habitat for Humanity Build Day, Central Park Clean-Up Day, an Annual Blood Drive, among others, in addition to many social functions.
Manhattan, NY AmTrustRE has completed the $211 million acquisition of 260 Madison Ave., a 22-story, 570,000 s/f office building. AmTrustRE was self-represented in the purchase. Darcy Stacom and William Herring
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.
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
Lower interest rates and an increased number of loan restructurings will be well received by the commercial real estate industry. Over the past 12 months there has been a negative trend for NOI for many properties across the country.
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