News: Brokerage

Thornton of Thornton Tomasetti awarded 2008 Henry C. Turner Prize on Sept. 9th

The National Building Museum presented the 2008 Henry C. Turner Prize for Innovation in Construction Technology to Charles Thornton, Ph.D., P.E., co-founder of Thornton Tomasetti, Inc., the international engineering design firm and founder of the Architecture, Construction and Engineering (ACE) Mentor Program of America, on September 9th at the National Building Museum. The Turner Prize, named after the founder of Turner Construction Co., recognizes an invention, an innovative methodology, and/or exceptional leadership by an individual or team of individuals in construction technology. The prize carries a cash award of $25,000 from an endowment established by Turner Construction Co. Through his inspirational work in founding the ACE Mentor Program, Thornton introduces high school students to careers in the building arts and sciences. ACE and Thornton have worked to connect students with mentors in the profession and provide college scholarships. Thornton has helped grow the ACE Mentoring Program of America into a national program with affiliate organizations in 31 states, and involvement of 45,000 students nationwide.
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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.