News: Brokerage

Skyline Developers completes restoration of several buildings

To many developers in New York, an old building is simply an obstacle to be torn down, but to developer Orin Wilf, it represents a personal challenge. Wilf, through his real estate development company, Skyline Developers, a division of Garden Homes, has restored several Manhattan buildings. Among these restorations of note are 41 Broad St., 37 Wall St., and the Rockefeller Townhouses at 13-15 West 54th St. Recently, Wilf is set to close on the purchase of 1040 Ave. of the America's, a 24 story Art Deco office tower at West 39th St. Built as the Millinery Building in 1927 by architects Buchman & Kahn who also designed the Hotel Sherry Netherland, Skyline Developers will begin restoration of the building's lobby and brick and limestone stepped back façade starting next year. Orwin said, "I think it is crucial to work in tandem with building organizations like the Landmarks Commission. We both share the same mission of restoring these buildings for future generations to appreciate."
MORE FROM Brokerage

NYSCAR June 2026 president’s message - by Mercedes Brien

As I write this letter, we are preparing to be at the Annual Conference being held at the Rivers Casino, Schenectady, New York. I look forward to reporting on the conference in my next letter. We have some great courses coming up via Zoom. Please be sure to keep watch on upcoming courses by visiting nyscar.org/resources and tools/professional development.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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.
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