News: Brokerage

SMPS-NY hosts panel discussion on opportunities and challenges of commercial to residential conversions

Manhattan, NY The Society for Marketing Professional Services New York Chapter (SMPS-NY), the premier organization for marketing professionals in the architecture, engineering, and construction (AEC) industry, recently hosted an informative panel discussion on the pertinent topic of  “Commercial to Residential Conversions - Opportunities and Challenges.” The event gathered industry leaders  to discuss various aspects of commercial to residential conversions, including the opportunities and challenges these projects present. Topics covered included regulatory hurdles, zoning laws, design considerations, and market demands, providing a comprehensive overview of the landscape.

The panelists included:

Robert Holbrook - executive director, NYC Get Stuff Built

Jonharold Cicero, Esq. - partner, DL Partners

Adam Rolston - founding partner, INC Architecture

Eytan Solomon - senior associate, TYLin | Silman

Elliot Chiger - vice president, Milrose Consultants.

The SMPS-NY program’s committee, including Julia Conlin, David Golab, Binu Mathew, Mandy Pei, Brian Burke, and Roger Marquis, organized this event.

During the panel discussion, Rolston emphasized the importance of understanding the relationship between the private and public sectors in hyper-mixed use development. He highlighted artful programming and appropriate services for impactful urban buildings as key elements, predicting more collaboration with the city in the future.

SMPS-NY aims to foster knowledge sharing and collaboration within the industry and plans to continue hosting events that gather professionals to discuss pivotal topics and drive innovation and progress in the field. For more information: https://smpsny.org/meetinginfo.php?p_or_f=f

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
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,

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