News: Brokerage

Thru the Lens: Bank of America Tower

On Thursday, May 20, Bank of America's global strategy and marketing officer Anne Finucane and The Durst Org.'s chairman Douglas Durst and president Jody Durst were joined by Nobel Prize winner, former VP, and building tenant Al Gore, mayor Michael Bloomberg, city council speaker Christine Quinn, U.S. Green Building (USGBC) Council CEO and founding chair Rick Fedrizzi, New York City schoolchildren and several hundred guests to officially open the Bank of America Tower at One Bryant Park at 42nd St. and Sixth Ave. The building is one of the first high-rise commercial towers in the United States to achieve a "LEED Platinum rating" for environmental performance and sustainability from the USGBC. At the celebration, to continue its commitment to New York City and environmental causes, Band of America donated $125,000 to the New York City School Gardens Initiative. The funding will help 120 NYC public schools start gardens.
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Columns and Thought Leadership
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,
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
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,