News: Brokerage

Sutherland, developer of Lofts on Willow, earns a 2008 NYS Historic Preservation award

The NYS Office of Parks, Recreation and Historic Preservation has honored local developer, Doug Sutherland, with a 2008 NYS Historic Preservation Award for The Lofts on Willow. Sutherland's adaptive re-use of the former CW Snow Warehouse, was selected for outstanding commitment to community revitalization. Only five other projects in the state were recognized. The historically-significant building was designed and built in 1913 by architect Archimedes Russell. Aware of its value, the development team of Sutherland, Ted Kinder, Steve Krause, and Robert Medina were careful to retain many of the structure's original details, such as the mushroom-shaped concrete columns and concrete floors with painted aisle numbers. Other details were restored to their original condition, such the installation of 13 ft. windows, which had been replaced by concrete block. The Lofts on Willow now houses 49 one and two-bedroom loft-style apartments. Its location, near the Dinosaur Bar-B-Que, the on-site parking and reasonable rents make it an attractive downtown housing option.
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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 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
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.