News: Brokerage

Thomas Nardacci 2011

Name: Thomas Nardacci Title: Founder and Owner Company: Gramercy Communications Location: Albany, N.Y. Birthplace: Albany, N.Y. Family: Wife, Anne, is an attorney; we have a 7 week old daughter, Marie College: BA, Syracuse University; MS, Columbia University First job outside of real estate: Dishwasher, local Knights of Columbus First job in real estate or allied field: Press secretary for a congressman What do you do now and what are you planning for the future? Gramercy Communications specializes in public relations and integrated communications campaigns. Our diverse range of clients - from industrial manufacturers to energy projects to commercial real estate to destination retail - have over $2 billion in economic development projects in New York State. Hobbies: Family, renovating my residential rental property Favorite book: "The Count of Monte Cristo" Favorite movie: "Star Wars" Persons you admire most (outside of family): I admire hard workers, and people who do an outstanding job every time, no matter what the task is. Keys to success: Entrepreneurial attitude, willingness to match our clients' work ethic, and understanding the changes happening in communications If you had to choose another vocation what would it be? Historian
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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.