News: Brokerage

The Torch Foundation's 24th Annual Monte Carlo Night; EVENT honored Sherry and Lifrieri

On March 8th, the Torch Foundation held their 24th Annual Monte Carlo Event at the Grand Hyatt, honoring Dennis Sherry, regional director of management services, Newmark Grubb Knight Frank (NGKF) and Anthony Lifrieri, RPA, property manager, Silverstein Properties, Inc. The Torch Foundation works in conjunction with other children's foundations such as NYU Langone Medical Center, Elizabeth Seton Pediatric Center and Ronald McDonald House. These organizations become part of the Torch Foundation's efforts to help children "Build a Foundation for a Better Tomorrow." Approximately 600 guests were on hand to congratulate this year's honorees: Professional of the Year recipient Dennis Sherry, and Canyon of Legends recipient Anthony Lifrieri. Because of Sherry's countless charitable commitments, he was our 2014 Professional of the Year. This event raised $160,000 and in the past 24 years has raised over $5 million. Shown (from left) are: Avi Itzikowitz, director of operations at ATCO Properties and Management; Dennis Sherry, regional director of management services at Newmark Grubb Knight Frank and Jeff Duarte, senior vice president at Alliance Building Services.
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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
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,

Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

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
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,