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
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.
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