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.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
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
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 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