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
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
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

Navigating the changing landscape of hotel Property Improvement Plans and conversion brands - by Andrew Cameron

When owners are due for a significant Property Improvement Plan (PIP), they must carefully evaluate what the best course of action is. Over the past five years, major hotel brands have become significantly more flexible with their PIP schedules.
Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Multi-generational multifamily owners - who’s in and who’s out - by Shallini Mehra and Amit Doshi

Many long-time property owners are divesting from their rent stabilized properties at an increasingly rapid pace. This trend has gained momentum primarily due to the unyielding permanence of rent laws over the past six years and the increasing operating costs that continue to outstrip rent growth. In addition, the judiciary’s elongated timeline in processing evictions and tenant rent challenges,